Switzerland Proposes Strengthening Transparency of Bank Card and Twint Fees
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On October 29, 2026, the Swiss Federal Council announced the launch of a public consultation on new rules concerning the transparency of bank card and Twint fees. The proposed rules require payment service providers to display fees separately, allowing merchants to see the merchant service fee, interchange fee, and payment system operator licence fee both before signing a contract and throughout the term of the contract. The consultation will continue until February 11, 2027. The Federal Council also stated that the new rules could increase the administrative workload of payment service providers, while their benefits for competition are currently unclear.
AI-written from reports · updated 2 hours ago
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- Fintech News SwitzerlandSwiss Federal Council launches public consultation on bank card fee transparency rules
Swiss Federal Council has launched a public consultation on new fee transparency rules for bank cards and Twint, which would require payment service providers to separately display three types of fees. Merchants would see the merchant service fee, interchange fee and payment system operator licensing fee before signing and throughout the term of the contract. The consultation will run until 11 February 2027. Swiss Federal Council also said the rules could increase providers’ administrative workload, while their benefits for competition remain unclear.
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