Poland - Interchange fee - UOKiK wins

The Banks may have acted illegally when they jointly set the fees for transactions made with Visa and MasterCard payment cards. The Court of Appeal took the stance of UOKiK and the case will be reviewed.

The judgement of the Court of Appeal concerns the unprecedented decision of December 2006, where the Office discovered that for 13 years, 20 banks had jointly set fees for transactions made with Visa and Mastercard payment cards – the so-called “interchange fee”. A fine of PLN 164 million was imposed on the colluding undertakings.

To read the whole article, please click here.