Visa Likely to Follow In MasterCard’s Digital Wallet Fee Footsteps

By  |  March 21, 2013
 | 

Visa CEO Charlie Scharf has indicated that he will follow the lead of rival MasterCard and introduce a digital wallet fee on firms such as PayPal, Finextra has reported.

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    MasterCard previously said it plans to start charging a fee this summer on “staged” digital wallets such as PayPal, Google Wallet and Square.

    Finextra added that 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 appropriate to do that.'”

    Read the full story.


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