Banks to lose RM300mil with fee cap

Will Maybank follow suit to raise its base rates?

PETALING JAYA: Banks are expected to suffer at least RM300mil in lost revenue annually due to the new interchange fee cap implementation, according to RAM Ratings.

RAM said this also depended on the amount that issuing banks are collectively projected to earn based on the new interchange fee ceiling, equivalent to at least 20% of the estimated interchange fees collected in 2014.