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Visa introduces market development fees

Hero Visa Hero Visa Placehoder
23 OCTOBER 2019

Effective 25 January 2020, Visa will introduce an Innovation and Market Development Fee in select countries in Europe.

These new country-specific fees, that will finance Visa’s Country Development funds, will range from 1 - 5 bps per transaction and will be added to transactions for various countries* (these fees will not be added to any of the Nordic countries). The fees will go towards initiatives that include: increasing card usage, driving innovation and new product initiatives and accelerating acceptance infrastructure development.

*Impacting Austria, Belgium, Croatia, Czech Republic, Estonia, Greece, Hungary, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Poland, Romania, Slovakia, Slovenia