Europe's largest retailers and online retail giants have urged the European Commission to intervene and rein in allegedly high fees charged by Visa and Mastercard. Retailers argue that these fees hurt the bloc's competitiveness and hinder rival payment systems.
This collective action by major industry players signals escalating pressure on regulators to address the structure and level of interchange fees. Retailers contend that these charges negatively impact their profit margins and are often passed on to consumers.
The call for a crackdown increases the likelihood of further regulatory scrutiny and potential legislative changes in the European payments market. Such interventions could lead to mandated fee reductions, directly impacting Mastercard's revenue streams from transactions in the region.
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