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Mexico's National Banking and Securities Commission and Bank of Mexico amended payment network provisions on interchange fees for gas station card payments. The two regulators added the 10th Bis provision to the General Provisions applicable to payment network networks, creating a temporary exception to the interchange fee registration process for card payments made exclusively in the gas station commercial sector. The stated aim is to make registration of interchange fee reductions more flexible and so promote adoption of digital payments in that sector. The exception carries a six-month validity per registration, with a general validity expiring on October 31, 2026. It is the week's only record, published in Spanish and translated into English, and it sits with the central bank and the securities commission jointly rather than with a single authority.
Mexico
RESOLUTION amending the 10th Bis Provision of the General Provisions Applicable to Payment Network Networks
The National Banking and Securities Commission and the Bank of Mexico are adding the 10th Bis provision to the General Provisions applicable to payment network networks, establishing a temporary exception to the interchange fee registration process for card payments exclusively in the gas station commercial sector. The measure seeks to make the registration of interchange fee reductions more flexible to promote the adoption of digital payments in that sector, with a six-month validity per registration and a general validity expiring on October 31, 2026.
RegulationTranslated to EnglishSpanishPaymentsInterest rates
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