Uk Payment Regulation News - Latest Updates & Headlines
UK payments regulator accuses Visa, Mastercard of excessive fees, restricting competition
London, March 6: The United Kingdom's (UK) Payment Systems Regulator (PSR) on Thursday accused Visa and Mastercard of charging "excessive" fees and restricting competition in the card payments market, costing businesses at least 170 million pounds (218.96 million U.S. dollars) annually and hindering economic growth.