Mastercard mandates offline payments across Europe, and a EUR 800m UK interchange claim lands

PayLens Newsletter · Tuesday 13 October

TOP STORY

Mastercard makes offline payments mandatory across Europe

From February 2027 every newly issued Mastercard card in Europe must be offline-capable, and from May 2027 every newly installed or replacement terminal must accept offline payments. Approval happens locally against a limit on the chip, capped at EUR 200 per transaction, and clears once connectivity returns.

This is a scheme mandate with hard dates, not a product launch. Issuers get a card-production deadline, and from May 2027 offline capability becomes a procurement requirement for terminal makers, acquirers and PSPs. It follows the April 2025 Iberian blackout and makes a Nordic pilot the European baseline.

Electronic Payments International · Read the article

• A EUR 800m UK claim over post-Brexit interchange

  Around 126,000 UK businesses that accepted EEA-issued cards remotely since October 2020 are in an opt-out claim seeking about EUR 800m from Visa and Mastercard. It builds on regulator findings that Visa raised its UK-EEA online fees fivefold in October 2021, with Mastercard following in April 2022.

  UKRegulatory

• Santander opens Getnet to 30-plus European markets

  Getnet's Single Entry Point now gives multinational merchants acceptance in more than 30 European countries through one integration, with direct membership of Bizum and MB WAY, 20 currencies and payouts to 140 countries. Santander is carrying its Latin American model into Europe.

  EUProduct

• Checkout.com's growth engine is now the United States

  Annualised net revenue of 750 million dollars, up 28 percent, and expected 2026 payment volume of 480 billion. The detail inside the disclosure is the shift: US processing is up more than 120 percent year to date and now makes a fifth of volume, against 15 percent a year earlier.

  UKFinancial

• Mollie rebuilds Pay by Bank on GoCardless rails

  Mollie has relaunched Pay by Bank in the Netherlands on GoCardless open banking technology, with connections to more than 2,500 banks and a three-step checkout in place of the usual five. Capturing the IBAN at payment opens a route into Direct Debit; the rest of Europe follows through 2027.

  NLProduct

• Adyen seats Vogelzang as Verhagen takes the chair

  Shareholders approved Chris Vogelzang for the Supervisory Board at an extraordinary meeting on 7 October. Piero Overmars retires on 1 November and Herna Verhagen succeeds him as Chair the same day, the second board change at Adyen inside three weeks.

  NLLeadership

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