JOURNAL ARTICLE

Mastercard, Visa and PayPal Hit With UK Competition Probe.

  • Published In: Bloomberg.com, 2026. P. N.PAG 1 of 3

  • Database: Business Source Ultimate 2 of 3

  • Authored By: Hodges, Jeremy; Smith, Paige 3 of 3

Abstract

The article focuses on the UK’s Financial Conduct Authority (FCA) initiating an investigation into Mastercard Inc., Visa Inc., and PayPal Holdings Inc. for suspected anti-competitive behavior related to the funding and use of PayPal’s digital wallet. The FCA has not yet determined if competition laws were violated, and all three companies are cooperating with the inquiry. The investigation follows a 2024 lawsuit by the US Justice Department against Visa, which alleged illegal monopolization of the debit card market and sought details on Visa’s agreements with PayPal to influence payment methods within PayPal’s digital wallet. [Extracted from the article]

Additional Information

  • Source:Bloomberg.com. 2026/05, pN.PAG
  • Document Type:Article
  • Subject Area:Business and Management
  • Publication Date:2026
  • Accession Number:193537606
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