Amazon today took the highly unusual step of announcing it will. Visa said it was “very disappointed” by the decision.
The EU introduced regulation in 2015 that capped interchange fees in the bloc at 0.2% for debit card transactions and 0.3% for David Maisey, CEO at MultiPay Global Solutions, said: “Amazon is firing the starting gun on a race for new payment methods.” Amazon hinted at broader ambitions in its statement on Visa today, saying: “With the rapidly changing payments landscape around the world, we will continue innovating on behalf of customers to add and promote faster, cheaper, and more inclusive payment options to our stores across the globe.”
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