Mastercard, PayPal, Visa Face UK Antitrust Probe Over Digital Wallet
Igår, 15:15
Igår, 15:15
09:15 AM EDT, 05/06/2026 (MT Newswires) -- The UK's Financial Conduct Authority on Wednesday confirmed investigations into Mastercard (M4I.F), PayPal (PYPL.VI) and Visa (VISA.VI) over suspected anti-competitive behavior about the funding and usage of PayPal's digital wallet.
The British regulator's statement came after PayPal revealed the investigation in its first-quarter earnings report on Tuesday. The FCA said no conclusions or findings of any breaches by the financial technology companies have yet been reached.
Mastercard confirmed to MT Newswires that it received a request from the FCA for details of its contractual relationship with PayPal, adding that it "will be cooperating fully and transparently"with the regulator.
PayPal and Visa did not immediately respond to requests for comments by MT Newswires.
Igår, 15:15
09:15 AM EDT, 05/06/2026 (MT Newswires) -- The UK's Financial Conduct Authority on Wednesday confirmed investigations into Mastercard (M4I.F), PayPal (PYPL.VI) and Visa (VISA.VI) over suspected anti-competitive behavior about the funding and usage of PayPal's digital wallet.
The British regulator's statement came after PayPal revealed the investigation in its first-quarter earnings report on Tuesday. The FCA said no conclusions or findings of any breaches by the financial technology companies have yet been reached.
Mastercard confirmed to MT Newswires that it received a request from the FCA for details of its contractual relationship with PayPal, adding that it "will be cooperating fully and transparently"with the regulator.
PayPal and Visa did not immediately respond to requests for comments by MT Newswires.
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