FCA Competition Act investigation: Mastercard, Visa and PayPal digital wallet probe
In short: The FCA opened a Competition Act 1998 investigation into Mastercard, Visa and PayPal in March 2026; the FCA publicly confirmed the investigation on 6 May 2026. The FCA Competition Act investigation covers all three under Chapter I, and Mastercard and Visa under Chapter II for suspected abuse of dominance, over how Mastercard and…
