"Merchants paid issuers $54B in $V and $MA interchange fees in 2019, over 2x from 2012. The growth reflects two things. 1) Americans made 67% more CC payments in 2018 vs 2012. 2) banks rolled out more cards w/ higher interchange fees to pay more rewards"

https://t.co/RvaUml7Qgy https://t.co/3Z6paYTN9W