26 February 2024
The Cost of Retail Payments
Each year, the Central Bank of Iceland collects data on fees charged for payment services and use of payment instruments in Iceland.
In its report entitled The Cost of Retail Payments, the Bank sets for the results of its assessment of service charges that households and merchants paid in 2022 to banks, savings banks, acquirers, and other issuers of payment instruments in Iceland. The report also contains information on revenues earned by companies engaged in payment intermediation, as well as the fees paid by these companies during the same year.
The report can be found here: The Cost of Retail Payments