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Mastercard, Visa investigated in Turkey over suspected exclusionary conduct

( November 21, 2024, 13:21 GMT | Official Statement) -- MLex Summary: Mastercard and Visa are under investigation by the Turkish antitrust authority over whether they engaged in exclusionary practices in card scheme and digital wallet service markets. The watchdog will look whether their respective discount, incentive systems foreclose rivals' access to the scheme services market. The probe will also analyze whether Mastercard abused its dominant position in the digital wallet market, for example  through predatory pricing. Finally, it will also look at the effects of Visa's non-compete obligation for member merchants not to purchase services from rival suppliers in the digital wallet services market.Statement follows. ...

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