We recognize that the interchange rate can have a significant impact on small businesses. That’s why, in 2010, the competition bureau went to court regarding practices by Mastercard and Visa. Since then, a more regulatory framework with a code of conduct has been in place in the industry.
At this time, our role isn’t to monitor the rate, such as it is and dwell on it, but rather to ensure that there are anti-competitive adjustments to the sector.
That said, we recognize that it’s extremely important to small and medium-sized businesses. That’s also why we promote competition in the sector to ensure that the current and future regulatory framework will be as conducive as possible to new entrants and innovation.