The UK’s Payment Systems Regulator (PSR) has published its final “Guidance on [its] approach as a competent authority for the EU Interchange Fee[s] Regulation“. This guidance explains how the PSR will monitor and enforce the Interchange Fees Regulation (IFR) in and for the UK.

The IFR caps the level of interchange fees on relevant debit and credit card transactions at 0.2% and 0.3%, respectively.

The PSR’s final guidance is here.

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