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CHARACTERISTICS OF A SUCCESSFUL PAYMENT METHOD: GOVERNANCE
Current Global Regulations Current Interchange Caps for Credit and Debit Cards by Country
Effective Date(s) of Current Cap
Cost vs. Competition Methodology
Country Date of Passage
Credit
Debit
Exceptions
Commercial Cards, Non- EEA International Cards
Competition
2015
2015
0.30%
0.20%
52
Credit Cards. Debit Cards issued by Banks with less than $10 billion in assets, International Cards
Cost
2010 53
2011
-
0.05% + $0.21 54
1.4% weighted avg 56 ; for SMBs - 0.95% (in-store) and reduction of 10 basis pts (online)
Debit Cards, International Cards
2020, 2024 (small business)
N/A
-
2018 55 , 2023
1.15% max MXN 13.50 (~$0.78) vii
-
Competition 59
2006
Before 2018
1.91%
58
57
Credit Cards, Commercial Cards, Online Transactions
0.50% currently, originally 0.80%
-
2018 60
2023
-
Three Party Card Networks
Competition 61
2021
2023
1.14%
0.50%
AUD 0.08 (~$0.05) viii weighted avg ($0.10 or 0.2% for individual txns) 63, ix
0.5% weighted avg (0.8% for individual txns) 62 "0.45% (domestic transactions)"
2006, 2017, 2021, and 2025 (proposed)
Three Party Card Networks, International Cards
2003
Cost 64 x
"0.35% (domestic transactions)"
-
-
2016
2016
65
0.9% (POS/online), 0.8% (QR code) 66 xi ; for SMBs 0.4% (POS/ online), 0.3% (QR code) 0.25%-1.25% (depending on annual sales)
Credit Cards, International Cards
Competition
2017
2018
-
Merchants with Annual Sales above 3 billion won (~$2 million)
0.5%-1.5% (depending on annual sales)
2016, 2022 (updated)
Competition
2015,
68 2021 69
67
Table 1.3
vii
Exchange rate as of July 17, 2025 Exchange Rate as of July 17, 2025
viii
ix The RBA also established a sub-benchmark for the weighted average interchange cap of single-network debit cards (SNDCs) at AUD 0.08 to remove incentives for issuing these kinds of cards. x Some ACCC rules on surcharging in Australia are linked to cap levels. xi Small merchants have an annual turnover below Rs 20 lakh (~$24k).
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