PayPal, Visa and Mastercard face UK antitrust investigation

8 articles · Updated · The Wall Street Journal · May 6

The Financial Conduct Authority said on Wednesday it had made no findings of competition-law breaches over conduct linked to PayPal's digital wallet.
Visa shares fell 1%, Mastercard 1.4% and PayPal about 0.33%, even as the broader market rose, while all three companies said they were cooperating with the inquiry.
Visa and Mastercard have worked with PayPal for nearly a decade to present their cards as equal payment options in PayPal wallets and support related features.

Is the alliance between PayPal and card giants a consumer convenience or a move to crush smaller fintech rivals?

Could the UK's probe finally unravel the hidden fees and anticompetitive practices dominating our digital wallets?