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Multilateral Interchange Fees Capping a Good Idea?

Abstract

Consumers and shoppers in general, are increasingly using credit and debit cards to make payments for goods and services, leveraging the significant technical developments and breakthroughs in the field of payment services and payment instruments. By way of example, one of the most prominent worldwide payment networks –Visa—is involved in 240 million plus transactions on a daily basis.

Author

Portrait image of Sancho Guibert
Sancho Guibert
Associate General Counsel, Citibank, Spain

Sancho Guibert is a is a dual qualified lawyer (as solicitor in England and Wales and abogado in Spain), working at Citibank for more than 25 years under different roles and currently is a regional counsel for Citi's Legacy Franchises operating segment that primarily consists of the 14 international consumer businesses in Asia, Europe, the Middle East and Mexico that Citi chose to exit as part of its simplification strategy.

Company

Citibank logo

Citibank

Citi is a preeminent banking partner for institutions with cross-border needs, a global leader in wealth management and a valued personal bank in its home market of the United States. Citi does business in nearly 160 countries and jurisdictions, providing corporations, governments, investors, institutions and individuals with a broad range of financial products and services.

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