Home » The big banks in the field: the challenge to credit cards in payments begins

The big banks in the field: the challenge to credit cards in payments begins

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The big banks in the field: the challenge to credit cards in payments begins

In the US, credit card transactions reached $ 7.6 trillion in 2020, the year in which the lockdown accelerated the digitization of payments. A volume that corresponds to approximately 110 billion dollars in commissions paid by merchants, for them the second item after salaries.

It is true that in the US the average fee is around 1.8%, while the European Union has put a ceiling at 0.3% for credit cards and 0.2% for debit cards. But it’s about …

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