Finance Breaking news Visa faces EU scrutiny over digital wallet licencing rules last financial news

Breaking-Finance.Com - The European Commission has opened a preliminary investigation into Visa's rules regarding staged digital wallets.

Finance Breaking news Visa faces EU scrutiny over digital wallet licencing rules last financial news

Breaking-Finance.Com - The European Commission has opened a preliminary investigation into Visa's rules regarding staged digital wallets.

Finance Breaking news Visa faces EU scrutiny over digital wallet licencing rules last financial news
07 September 2020 - 14:00

Breaking-Finance.Com - The European Commission has opened a preliminary investigation into Visa's rules regarding staged digital wallets. Initiated in June, the probe was briefly referenced in Visa's most recent regulatory filing.Referencing "industry insiders", the Times newspaper says the EU is investigating allegations that fintech firms offering digital wallets licenced by the card scheme are pushing the boundaries of Visa’s rules to offer high-speed payments.

.The filing also reveals a lawsuit lodged in the UK by Euronet, alleging that certain rules affecting ATM access fees in Poland, the Czech Republic and Greece breach various competition laws. Euronet is seeking damages, costs, and injunctive relief to prevent Visa and Mastercard from enforcing the rules.

Source = Breaking-Finance.Com

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Finance Breaking news Visa faces EU scrutiny over digital wallet licencing rules last financial news


Finance Breaking news Visa faces EU scrutiny over digital wallet licencing rules last financial news


Finance Breaking news Visa faces EU scrutiny over digital wallet licencing rules last financial news


Finance Breaking news Visa faces EU scrutiny over digital wallet licencing rules last financial news

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