The National Payments Council has begun to look at the high cost of fees associated with accepting credit and debit card payments, Governor of the Central Bank of The Bahamas (CBOB) John Rolle said on Friday.

Rolle said the council along with Central Bank are looking at how to reduce those fees to make accepting credit and debit cards less restrictive for merchants.

“And part of the way we see things evolving in terms of tackling those fees, is making the domestic infrastructure more important around how instructions for payments get from one point to the next and how funds move from one point to the next,” Rolle said.

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