Friday, 22 March 2013

Visa CEO, Charlie Scharf, indicates fees for PayPal

Visa CEO, Charlie Scharf, indicates fees for PayPal

Visa chief executive Charlie Scharf has indicated that he will follow the lead of rival MasterCard and introduce a 'digital wallet' fee on firms such as PayPal.
Earlier this year MasterCard gave notice that from this summer it plans to start charging a fee on 'staged' digital wallets such as PayPal, Google Wallet and Square.

According to Reuters, when asked yesterday if Visa was planning to follow suit, Scharf told the Barclays Emerging Payments Forum: "I think it is totally......... to read the full Finextra web article click here

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