We don't pay interchange fees. The credit card companies set those interchange fees. We have some revenues from those fees, but we have a variety of costs associated with those fees.
On October 28th, 2024. See this statement in context.
On October 28th, 2024. See this statement in context.
October 28th, 2024 / 4:30 p.m.
Executive Vice-President, Cards, Payments & Transformation, Royal Bank of Canada
We don't pay interchange fees. The credit card companies set those interchange fees. We have some revenues from those fees, but we have a variety of costs associated with those fees.
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