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Bird's eye view of woman paying with contactless card

FCA confirms Competition Act investigations

The FCA is investigating Mastercard, PayPal and Visa for suspected anti-competitive conduct linked to PayPal’s digital wallet. The FCA has currently reached no conclusions or made any findings, but has made its statement in the light of financial reporting by PayPal Holdings Inc, to confirm that it is currently investigating and is at the stage of gathering evidence.

Emma Radmore