The EU watchdog yesterday said that MasterCard’s fees were a concern in view of the growing role of non-cash payments.
“Fees charged for payments made by cardholders from non-European countries can be quite high. Actually, these types of fees are generally much higher than those charged [on tourists from] within Europe,” Commission spokesman Antoine Colombani said.
The world’s second-largest credit and debit card network after Visa has already been banned by EU antitrust regulators from charging cross-border card fees within Europe after a Commission ruling in 2007.
The latest investigation will also examine some of the company’s other business practices in the EU which the regulator said could hinder e-commerce and cross-border trade. MasterCard said it was co-operating.