Ad
Visa and Mastercard dominate the EU's €130 billion payments market (Photo: MyTudut)

EU commission takes aim at credit card fees

Mastercard was in the EU's line of fire on Wednesday (24 July), after the bloc's internal market chief accused the credit-card giant of waging a "mad" lobbying campaign against plans to cap fees for using credit and debit cards.

Unveiling proposals that would cap charges for card payments to 0.2 percent and 0.3 percent for debit and credit cards respectively, Michel Barnier said Mastercard had mounted a campaign of disinformation against the proposals and him personally in the French me...

Get EU news that matters

Back our independent journalism by becoming a supporting member

Already a member? Login here

Author Bio

Benjamin Fox is a seasoned reporter and editor, previously working for fellow Brussels publication Euractiv. His reporting has also been published in the Guardian, the East African, Euractiv, Private Eye and Africa Confidential, among others. He heads up the AU-EU section at EUobserver, based in Nairobi, Kenya.

Visa and Mastercard dominate the EU's €130 billion payments market (Photo: MyTudut)

Tags

Author Bio

Benjamin Fox is a seasoned reporter and editor, previously working for fellow Brussels publication Euractiv. His reporting has also been published in the Guardian, the East African, Euractiv, Private Eye and Africa Confidential, among others. He heads up the AU-EU section at EUobserver, based in Nairobi, Kenya.

Ad

Related articles

Ad