The move comes after Walmart began the phasing out process in July, when the retailer banned Visa cards from its three stores in Thunder Bay, Ont. The move could spread to other Walmart locations in other provinces, a spokesman for Walmart said, without elaborating. Canadian retailers pay among the highest interchange fees in the world. Visa, meanwhile, counters that Walmart already gets some of the lowest fees it has offered to any retailer in Canada. Credit card fees7:29According to research firm Value Penguin, interchange fees average 1.76 per cent in North America.

Source: CBC News September 15, 2016 12:23 UTC