Visa, Mastercard say New Zealand's new fee caps could weaken competition
By Saloni Sinha ( July 24, 2026, 07:14 GMT | Insight) -- Visa, Mastercard and American Express have warned that the new interchange-fee caps proposed by New Zealand’s antitrust watchdog could reduce competition and innovation while failing to lower costs for consumers. In its July submission on the New Zealand Commerce Commission's draft decision to cap interchange fees for commercial credit cards issued on Mastercard and Visa networks, Mastercard said regulating interchange fees could harm competition in the retail-payments system.Visa, Mastercard and American Express have warned that the new interchange-fee caps proposed by New Zealand’s antitrust watchdog could reduce competition and innovation while failing to lower costs for consumers....
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