UK regulator probes Mastercard Visa and PayPal conduct
The FCA is probing Mastercard, PayPal, and Visa for anti-competitive conduct. The investigation focuses on the funding and usage of PayPal digital wallets.
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The United Kingdom is investigating Mastercard, Visa, and PayPal for suspected anti-competitive conduct. The Financial Conduct Authority (FCA) launched the probe into the funding and usage of PayPal's digital wallet. The regulator stated it has reached no conclusions and has not yet made findings regarding legal violations.
