Visa Inc cards will be accepted at all Amazon.com Inc stores and sites as part of a global agreement, the companies said on Thursday.
An EU-enforced cap on fees charged by card issuers is no longer in place in the UK following Brexit.
"Visa is pleased to have reached a broad, global agreement with Amazon. This agreement includes the acceptance of Visa at all Amazon stores and sites today, as well as a joint commitment to collaboration on new product and technology initiatives to ensure innovative payment experiences for our customers in the future," a Visa spokesperson said in an email to Reuters.
Last month, British lawmakers said that they planned to scrutinise increases in the fees Visa and Mastercard charge businesses after the country's payments regulator found no evidence to justify the rises.Reporting by Shivani Tanna and Mrinmay Dey in Bengaluru; Editing by Sherry Jacob-Phillips and Shailesh KuberSign up to our tech newsletter to get the latest news and trends in the global technology industry.
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