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UK payments regulator updates thinking on Mastercard, Visa, interchange fee increase

( December 15, 2022, 12:00 GMT | Official Statement) -- MLex Summary: The UK payments regulator has published an update on the impact of Mastercard and Visa’s interchange fee increases. The Payment Systems Regulator set out its initial thinking on how the fivefold card fee hikes may have potentially harmed UK service users. As a result, UK merchants may find themselves at a competitive disadvantage relative to European competitors, the PSR said.Statement follows. Report attached....

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