BRUSSELS (Reuters) -Visa and Mastercard will extend caps on tourist card fees agreed five years ago with EU antitrust regulators by another five years to 2029, the European Commission said on Friday. Visa, the world's largest payments network operator, and its closest rival Mastercard, in 2019 agreed to a 0.2% fee cap on non-EU debit card payments carried out in shops and a 0.3% fee limit on credit card payments to settle an EU antitrust investigation and avoid hefty fines.
Mastercard (MA) and LuLu Group collaborate across six markets to enhance payment efficiency and offer digital transactions, personalized rewards and cashless experiences.
Last week, a U.S. judge rejected Visa (V) and Mastercard’s (MA) proposed antitrust settlement ...