China UnionPay recently issued a statement pertaining to changes in its interchange fees, effective from September 15th, 2020. According to the statement, certain classes of merchants including non-profit educational institutions and medical institutions will no longer be eligible for reduced interchange rates or exemptions. In September, 2016, a regulation regarding fees for the use of bankcards (interchange) in the PRC became effective. A new, uniform issuer fee table was introduced to replace a legacy pricing policy which was based on different types of merchants. The issuer fee table differentiated by card type (debit vs. credit) rather than by industry/merchant type. However, certain classes of merchants were exempted from some issuer fees and payment network service charges. The discounted rate for such merchants was originally planned to be offered until 2018, but was extended by 2 years. The exemption is due to be terminated this year.