GeneralMediumUpdated•Originally published 22 October 2026•Updated 22 October 2026•
1 min read
New Zealand Sets Mastercard and Visa Fee Caps Up to 1.50%
Key Facts
1New Zealand's Commerce Commission plans to cap interchange fees on Mastercard and Visa credit cards.
New Zealand's Commerce Commission set interchange fee caps for Mastercard and Visa commercial cards at 0.70% for in-person transactions and up to 1.50% for online payments. Reuters reported that the regulation is projected to save merchants approximately $40 million annually by lowering card network costs.
Mastercard (MA) closed at $622.62 on October 21, 2026, and Visa (V) closed at $407.85 on the same date. These regulatory limits follow a 0.4% decline in New Zealand retail sales reported on October 15, 2026, while AXP closed at $318.34 on October 20, 2026.