The New Zealand Competition Authority says new powers will be used to review fees charged by the two biggest credit and debit card networks with the goal of increasing competition (Mastercard / Visa)

Mastercard and Visa networks will be initial focus for Commission under new Act* Under the new Retail Payment Systems Act 2022, the Mastercard and Visa credit and debit card networks will be the initial focus of the Commerce Commission’s work to promote competition and efficiency in the retail payment system. The Act allows the Commission to monitor the retail payment system, and regulate designated retail payment networks, for the long-term benefit of New Zealand businesses and

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New Zealand Competition Authority, The New Zealand Competition Authority says new powers will be used to review fees charged by the two biggest credit and debit card networks with the goal of increasing competition (Mastercard / Visa), 18 May 2022, e-Competitions May 2022, Art. N° 106816

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