Central Banking

European Commission floats proposal to cap fees on credit card transactions

European commission

The European Commission (EC) yesterday announced a proposal to curb fees on debit and credit card transactions, which it said would benefit consumers and retailers and deliver a boost to the European Union (EU) economy by integrating fragmented payment markets.

The proposal also contained a revision of the Payment Services Directive (PSD2) expected to bring several "important elements and improvements" to the single area payment markets.

The EC's legislative bid, which must be approved by nation

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: