Regulatory Alerts2023-01-01
Law on Interchange Fees and Separate Business Rules Concerning Payment Cards
The Parliament of Montenegro enacted this law to regulate interchange fees and business rules for consumer payment card transactions. It caps interchange fees at 0.2% for debit cards and 0.3% for credit cards while mandating the separation of payment card schemes from processing entities. The legislation further enforces transparency through unblended merchant charges, prohibits restrictions on payment brand choice, and assigns supervision to the Central Bank of Montenegro.
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