foreign card costs

Serbia to extend interchange fee caps to foreign-issued card payments

The National Bank of Serbia plans to amend the law on interchange fees so that card payments made in Serbia with cards issued abroad fall under the same cost ceiling as domestic cards issued by Serbian banks. The change is intended to address how interchange fees apply when foreign-issued cards are used at points of sale and for related withdrawals. Since 2018, Serbia has capped interchange fees on domestic card transactions at 0.2% of the transaction value for debit cards…