Implications of interchange fees for loyalty marketing
Currency Alliance
NOVEMBER 4, 2022
On 13 th of November 2022, the interchange charges on credit card transactions in New Zealand will be capped at 0.8%. This fee is commonly how financial services brands have funded their loyalty rewards for at least the past decade. In 2017, legislation in the European Union reduced the interchange fee from 2-2.5% down to 0.3%
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