| Author (Corporate) | Copenhagen Economics, Ernst & Young |
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| Publisher | European Commission, Publications Office of the European Union |
| Publication Date | 2020 |
| ISBN | 978-92-76-17165-2 |
| EC | KD-01-20-161-EN-N |
| Content Type | Report |
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Summary: Study published by the European Commission in March 2020 on the application of Regulation 2015/751 - also known as Interchange Fee Regulation. Further information: The study - which was commissioned by the Commission to an external contractor - finds that the main objectives of the Regulation were achieved, as the interchange fees for consumer cards have decreased by 35% (around €2,6 billion per year) between 2015 and 2017. This decrease resulted in lower charges for retailers as well as benefits to consumers through lower retail prices. Furthermore, increased cross-border acquiring services and card transactions led to a higher degree of market integration. The Regulation envisages that the Commission must submit a report on its application to the co-legislators - this study was to be used as one of the sources of information for that report, together with stakeholders' feedback and evaluations from competent national enforcement authorities. |
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| Source Link |
Link to Main Source
https://ec.europa.eu/competition/publications/reports/kd0120161enn.pdf
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| Subject Categories | Business and Industry, Internal Markets |
| Subject Tags | Competition Law | Policy, Financial Services |
| International Organisations | European Union [EU] |
