AmazonA worldwide agreement was reached. VisaTo settle a dispute regarding the fees charged by credit card companies.

This deal allows Amazon UK customers to continue to use Visa credit cards. previously announcedThe two companies. Amazon will drop the 0.5% surcharge for Visa transactions in Singapore or Australia. This is a change from last year.

Amazon stated last month it was abandoning plans to accept Visa credit cards from Britain. It did this two days before any change was anticipated to occur. At the time, both companies indicated that they will continue discussions on a wider resolution of their dispute.

Amazon spokeswoman told CNBC via email that they had reached an agreement with Visa to allow all Visa customers to use their Visa cards in stores. Amazon is committed to providing customers with a convenient payment experience and a choice.

Amazon is making pressure on Visa to reduce its fees. It’s a string of actions that have signaled increasing frustration by retailers regarding the cost associated with major credit card networks.

Visa and MasterCard are two examples. MastercardAnd American ExpressFintech companies are now facing intense competition, with a flood of challengers from the “FinTech” sector.buy now, pay laterKlarna allows you to create a bank account, which is an innovative technology that lets you bypass the traditional payment systems like cards.

CNBC was emailed by Visa to inform them that their agreement with Amazon would see them collaborate on “new products and technology initiatives” to create innovative payment experiences.

CNBC asked the companies to elaborate on their terms.