Shares of credit card company Visa Inc. (V) are down 5 percent on Wednesday's trading after retail giant Amazon Inc. (AMZN) said that it would no longer accept Visa credit cards issued in the UK from 2022. This was due to the high fees charged by Visa for transactions.
Amazon said in a statement, "As a result of Visa's continued high cost of payments, we regret that Amazon.co.uk will no longer accept UK-issued Visa credit cards as of 19 January, 2022."
Currently at $203.93, the stock has traded between $192.81 and $252.67 during the past 52 weeks.
For comments and feedback contact: editorial@rttnews.com
Business News
June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.