Fabian Demicoli

Commission makes Visa Europe’s commitments legally binding


The European Commission has
rendered legally binding the commitments offered by Visa Europe to
significantly cut its multilateral interchange fees (MIFs) for credit card
payments to a level of 0.3% of the value of the transaction (a reduction of
about 40 to 60%) and to reform its rules in order to facilitate cross-border
competition. Vice President Almunia said:

"The cap on inter-bank fees for
Visa Europe's credit cards and the commitments ensuring cross-border
competition are excellent news for European consumers, since the fees paid by
retailers end up on their bills. Today's decision adds to what has already been
achieved through the Commission's antitrust investigations concerning
inter-bank fees."

What we can do for you

INFORMATION POINT

BUSINESS SERVICES

MEMBERSHIP BENEFITS

LOCAL ISSUES & LEGISLATION

B2B NETWORKING EVENTS

LEGAL ADVICE

FUNDING ASSISTANCE

COURSES

BECOME A MEMBER

The Malta Chamber of SMEs represents over 7,000 members from over 90 different sectors which in their majority are either small or medium sized companies, and such issues like the one we're experiencing right now, it's important to be united. Malta Chamber of SMEs offers a number of different services tailored to its members' individual requirements' and necessities. These range from general services offered to all members to more individual & bespoke services catered for specific requirements.

A membership with Malta Chamber of SMEs will guarantee that you are constantly updated and informed with different opportunities which will directly benefit your business and help you grow. It also entails you to a number of services which in their majority are free of charge and offered exclusively to its members (in their majority all free of charge).