Regulatory Alerts2023-06-07
Decision amending Annex No 1 to Decision No 180/2019 on payment card fees and interchange rates
The Executive Board of the National Bank of Moldova issued Decision No 180/2019, as amended by Decision No 100/2023, to regulate maximum fees for payment card transactions and interchange rates. The amendment establishes a tiered schedule for maximum interchange fees on debit and credit cards, phasing in rates of 1.10% and 1.20% by January 2024, followed by reductions to 0.80% and 0.90% by September 2024, and further to 0.50% and 0.60% by September 2025. These caps apply to domestic and e-commerce transactions but exclude business cards, ATM cash withdrawals, three-party schemes, and foreign accepting providers.
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