Mastercard, Visa and Revolut lose UK case over proposed cross-border card fees cap https://ift.tt/BklcGPF

A UK court has ruled that the Payments System Regulator can cap cross-border card fees. Mastercard, Visa, and Revolut challenged this plan. The regulator stated the decision confirms its power to ensure fair card payment costs for UK businesses and consumers. This allows the regulator to proceed with setting appropriate levels for cross-border interchange fees.

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