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Impact on Visa and Mastercard stock prices by Dec 31?
3
Resolution / Starting Odds
Visa outperforms Mastercard • 33%
Mastercard outperforms Visa • 33%
Both perform similarly • 34%
Stock price data from financial markets
Story
China Urges Visa, Mastercard to Lower Transaction Fees from 2-3% to 1.5%
Jun 21, 2024, 08:19 AM
China is urging Visa Inc. and Mastercard Inc. to lower their bank card transaction fees in the country. According to sources, Bloomberg News reported on June 21 that the Payment & Clearing Association of China (PCAC) issued a proposal on June 18 to reduce the fees from the current 2-3% to 1.5%. This move aims to facilitate payments for foreign visitors and enhance their payment experience. The PCAC is negotiating with the global card issuers to implement the fee reduction. The bulk of transaction fees typically go to other parties such as bank issuers and merchant acquirers.
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Similar markets
Stock prices increase • 33%
Stock prices decrease • 33%
Stock prices remain stable • 34%
Significant increase (10% or more) • 25%
Significant decrease (10% or more) • 25%
Minor change (less than 10%) • 25%
Other • 25%
Visa market share decreases • 25%
Mastercard market share decreases • 25%
Both market shares decrease • 25%
Neither market share decreases • 25%
Visa outperforms Mastercard • 25%
Visa outperforms American Express • 25%
Visa underperforms both • 25%
Visa outperforms both • 25%
Appeal the decision • 33%
Propose new agreement • 33%
No legal action • 34%
Legislation Passed • 25%
Legislation Failed • 25%
Legislation Pending • 25%
No Legislation Proposed • 25%
