• Top Stories
  • Interviews
  • Business
  • Finance
  • Banking
  • Technology
  • Investing
  • Trading
  • Videos
  • Awards
  • Magazines
  • Headlines
  • Trends
Close Search
00
GBAF LogoGBAF Logo
  • Top Stories
  • Interviews
  • Business
  • Finance
  • Banking
  • Technology
  • Investing
  • Trading
  • Videos
  • Awards
  • Magazines
  • Headlines
  • Trends
GBAF Logo
  • Top Stories
  • Interviews
  • Business
  • Finance
  • Banking
  • Technology
  • Investing
  • Trading
  • Videos
  • Awards
  • Magazines
  • Headlines
  • Trends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking and Finance Review

Global Banking & Finance Review

Company

    GBAF Logo
    • About Us
    • Profile
    • Wealth
    • Privacy & Cookie Policy
    • Terms of Use
    • Contact Us
    • Advertising
    • Submit Post
    • Latest News
    • Research Reports
    • Press Release

    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
    Copyright © 2010-2025 GBAF Publications Ltd - All Rights Reserved.

    ;
    Editorial & Advertiser disclosure

    Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    Finance

    Posted By Global Banking and Finance Review

    Posted on May 23, 2025

    Featured image for article about Finance

    By Foo Yun Chee

    BRUSSELS (Reuters) -EU antitrust regulators have widened their investigation into Visa and Mastercard's fees as they seek feedback from terminal providers and payments companies that could lead to charges of anti-competitive practices, according to a European Commission document seen by Reuters.

    A new questionnaire was sent after a similar one was distributed to retailers and merchants last month. The EU competition enforcer's scrutiny started in September as a result of complaints from merchants and payments companies about Visa and Mastercard's fees.

    The two companies, which charge scheme fees for services related to participation in their card system, process about two-thirds of card payments in the euro zone.

    The latest questionnaire asked about the number of fees or services charged by the two companies between 2017-2024, the number of new fees or services introduced, and the number of changes.

    Regulators also wanted to know which scheme and processing services are mandatory, and how Visa and Mastercard inform payments companies about new fees or changes to existing fees.

    The questionnaire asked if information provided by the two companies is sufficiently clear and if they give sufficient notice about changes to fees and services.

    Respondents are also asked whether they have complained to Visa and Mastercard in the last seven years and how long it has taken to process the grievances.

    "Mastercard offers consumers and businesses choice, ways to pay and be paid that are hassle-free and worry-free, secure and most convenient for them," a Mastercard spokesperson said.

    Visa, meanwhile, said its fees reflected the value it provides to financial institutions, merchants and consumers in Europe. "This includes extremely high levels of security and fraud prevention, near-perfect operational resilience and reliability."

    The questionnaire focuses on the degree to which the schemes must be accepted by all payment service providers and how they have raised fees in recent years, said a person familiar with the matter.

    "This shift suggests that the Commission may be exploring ways to establish that Visa and Mastercard hold a dominant market position and are potentially abusing that dominance," the person said.

    The Commission did not immediately respond to a request for comment.

    The deadline for replies is June 2. Bloomberg first reported on the questionnaire.

    (Reporting by Foo Yun Chee; Editing by Kirsten Donovan)

    Recommended for you

    • Thumbnail for recommended article

    • Thumbnail for recommended article

    • Thumbnail for recommended article

    Why waste money on news and opinions when you can access them for free?

    Take advantage of our newsletter subscription and stay informed on the go!

    Subscribe