SOURCE: S&D Group at European Parliament
S&D Euro MPs want to cap fees on credit card transactions
Strasbourg, 10th of March. Today in Strasbourg, S&D Euro MPs backed a proposal to cap fees charged by payment card companies to merchants across Europe.
This new law will be a step forward to increase transparency in the use of credit or debit cards. For instance, it will apply capping the fee on transactions with a credit or debit card at 0.3% and 0.2% respectively.
This video package includes extracts of the plenary voting session, stock shots and sounbites with Swedish S&D Group negotiator, Olle Ludvigsson.