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Jai Hamid

UK High Court backs PSR fee caps, rejects Revolut, Visa and Mastercard Jan 15, 2026

On January 15, 2026, the UK High Court upheld the Payment Systems Regulator's authority to cap cross-border interchange fees, rejecting a judicial review by Revolut, Visa and Mastercard. According to a PSR briefing seen by the Financial Times, post-Brexit fee changes have added £150–£200 million per year to UK business costs, with card-not-present rates rising sharply.