[IshKebab]

I agree that will have a bigger effect, and boo Brexit. But it's actually only transactions on EU shops by UK cards that face higher fees, which is a really small percentage of purchases. Definitely not every transaction.

I'm sure they'll raise the other fees later though. Probably just dipping their toes.

[toomuchtodo]

Even more reason to accelerate instant payment system rollouts to avoid private payment systems that charge interchange fees.

[IshKebab]

What instant payment systems? Are there actually viable competitors to Visa/MasterCard?

[toomuchtodo]

https://www.npci.org.in/what-we-do/upi/product-overview