UK FCA Investigates Mastercard, Visa, and PayPal Over Anti-Competitive Digital Wallet Practices

TLDR: The FCA is probing Mastercard, Visa, and PayPal under Chapter I of the Competition Act 1998 for restricted competition. Mastercard and Visa face the more serious Chapter II charges, which target the abuse of a dominant market position. The investigation was triggered by PayPal Holdings Inc’s public financial disclosures, not a formal external complaint. [...]

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