3/19/2021, 9:36 PM (Source: TeleTrader)
more TeleTrader news


Chart for: Visa Inc

Visa to increase UK fees in October - report

Visa Inc. is preparing to hike fees on transactions between the United Kingdom and the European Union, the Financial Times reported on Friday.

Starting October, the payments giant will raise debit and credit card fees to 1.15% and 1.5% of the transactional value, up from 0.2% and 0.3% limits set by the European Union. Visa also plans to increase the commission it charges the companies using its network for processing payments between Britain and the bloc in July 2022.

Visa competitor, Mastercard Inc. announced similar increases in January this year.

Baha Breaking News (BBN) / MD