||<p>The Government is open to hearing views on this issue, and digital payments more
broadly, as evidenced by its call for evidence on cash and digital payments in the
new economy. Amongst other things, this explored how the Government can best support
digital payments. The Government will formally respond to the call for evidence in
due course.</p><p> </p><p>The European Commission is in the process of reviewing the
effectiveness of the Interchange Fee Regulation as part of its usual process. The
Payment Systems Regulator, who is the UK’s lead competent authority for the Interchange
Fee Regulation, is also conducting a review into the supply of card-acquiring services.
Amongst other things, this review will examine the fees merchants pay for these services.
The Government has therefore not made a formal assessment of the Interchange Fee Regulation.</p>