Payment Card Reform Framework (PCRF) - Interchange Fee Adjustment

Interchange Fee Adjustment for Domestic Payment Card Transactions

Further to the domestic payment card transactions interchange fee introduced from 1 July 2015, the credit card interchange fee (IF) ceiling is adjusted as follow effective 1 January 2019 :-

Card Type

Interchange Fee

Visa & Mastercard


Domestic Debit 0.14% or 50 cents + 0.01% (whichever is lower)

*Excluding Petrol and Government Sector Transactions / Charity Transactions

The current Merchant Discount Rates (MDRs) enjoyed have taken into account the revision to the domestic interchange fee based on the current sales volume generated and other variable cost involved in the process.

Subsequent changes to the domestic interchange fee would be reflected at the respective payment card network websites.

For more information on the interchange fees, please refer to: