08:39 AM EDT, 05/16/2024 (MT Newswires) -- Mastercard ( MA ) agreed to charge Swiss debit card users 0.12% fees on domestic physical transactions with a maximum of 0.30 Swiss francs ($0.33) for purchases of at least 300 Swiss francs, the country's Competition Commission said Thursday.

European Union customers are charged 0.2%, the Commission said in a statement.

Mastercard ( MA ) also agreed to lower its fees for web or mobile transactions to 0.28% from 0.31%, effective Nov. 1, 2025.

The commission said it launched an investigation into Mastercard ( MA ) and Visa fees last year and noted it "quickly reached an amicable settlement" with Mastercard ( MA ).

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