Netherlands Payments in Focus

Editor’s note: This is the third post in our ‘Payments in Focus’ Series. You can see the previous posts on payments here.

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Lately, we are seeing more and more domestic EU merchants who are interested in expanding the global reach of their businesses. Many UK, U.S. and Germany-based online merchants have already successfully expanded beyond their domestic markets by generating a positive balance of e-commerce trade for their countries, i.e. the country’s e-commerce exports have exceeded its imports.

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Denmark Payments in Focus

Editor’s note: This is the second post in our Payments in Focus Series. You can see the previous post on payments in China here.

Denmark Payments in Focus

Danish law regulates the charges that can be imposed by retailers when payment cards are being used in Denmark. The rule is that the retailer is allowed to impose any surcharge on the card holder when the payment is made with a credit card issued in Denmark or abroad, but not when a debit card, such as the Dankort or an international debit card is used. If a retailer chooses to surcharge for the use of a credit card, this fee may not exceed the fee paid by the retailer to the acquirer, and maximum up to 3.75% per transaction.

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China’s PBOC Keeps Visa and MasterCard in Limbo

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The decision to open up Chinese bank card payment clearing market, which came into effect on June 1, 2015, follows, to a certain extent, a complaint the U.S. filed with the World Trade Organization in 2012. The U.S. argued that, per WTO rules, member countries of the organization should treat foreign credit and debit card issuers on par with domestic issuers and therefore required the Chinese government to open up the market for “bank clearing services” to foreign and domestically-invested companies incorporated in PRC. In addition, the PBOC will allow banks in China to issue Visa and MasterCard payment cards independently of UnionPay.Continue Reading

What Does the Future Hold for Abenomics?

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Fresh from his landslide electoral victory yesterday, Japan’s Prime Minster Shinzo Abe will be pushing harder than ever to further escalate the adoption of Abenomics. The prime minister’s eponymous policy is once again a hot topic of debate in the global financial markets.

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