Mastercard, Visa, PayPal probed by UK FCA over PayPal digital wallet practices
( May 6, 2026, 12:51 GMT | Official Statement) -- MLex Summary: Mastercard, Visa and PayPal are being probed by the Financial Conduct Authority over suspected anticompetitive conduct linked to the "funding and usage" of PayPal’s digital wallet — an app that stores payment methods such as cards and bank accounts, the FCA has said in a statement. The FCA said it has reached no conclusions nor made any findings with regard to competition law having been broken.Statement follows....
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