The National Bank of Moldova proposes reducing the commissions charged by payment service providers on the payments with bank cards. Under a decision drafted by the Bank’s Executive Board, the commission charged on payments intended for the national budget should not exceed 0.5%, IPN reports.

The decision sets the highest commissions that will be charged depending on the type and category of cards. The highest commission on payments with debit cards and credit cards will be 0.5% in case of operations connected to components of the national public budget as of November 1, 2019. In case of operations performed by physically using the card for any purpose, the highest commission on payments with debit cards and credit cards will be 1.8% as of January 1, 2020, 1.5% as from January 1, 2021 and 1.2% as of January 1, 2022.

According to the Executive Board, the decision does not apply to business payment cards, cash withdraws from ATMs or desks of payment service providers and payment operations performed by virtually using the payment card or a similar device, except for operations linked to components of the national public budget.

Objections, suggestions and recommendations over the draft decision that was proposed for public debates can be sent to the postal address: MD-2005 Chisinau 1 Grigore Vieru St by May 16 or to the email address: Victor.Susu@bnm.md.