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PSR can impose cap on international transaction fees, UK High Court rules

Bank cards from Mastercard and Visa
The likes of Mastercard and Visa argued that the regulator did not have the power to impose a cap. Photo: studioEAST/Getty Images

Hameed Shuja

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Regulator says international transaction fees have risen unduly since Brexit, with a negative impact on UK businesses and their customers.

The UK High Court has ruled that the country’s Payment Systems Regulator (PSR) has the power to propose, and impose, a cap on fees that payment services providers charge customers and businesses for transactions between the UK and Europe.

The ruling comes after Visa, Mastercard, and Revolut filed a legal

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