The EU Commission fines a credit card company €570 million for limiting retailers’ access to cross-border payment services (Mastercard II)

On 22 January 2019, the European Commission (“Commission”) announced that it had imposed a fine of € 570,566,000 on Mastercard for preventing banks from offering lower interchange fees to retailers located in another EEA Member State, in breach of EU competition rules. Mastercard is the second largest card network in the EEA in terms of

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  • Van Bael & Bellis (Brussels)

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Richard Burton, The EU Commission fines a credit card company €570 million for limiting retailers’ access to cross-border payment services (Mastercard II), 22 January 2019, e-Competitions Bulletin January 2019, Art. N° 89614

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