Tag: FinTech Regulation

FCA Probes PayPal, Mastercard and Visa: Are Digital Wallet Funding Rules the Next Payment-Rail Chokepoint?

The UK Financial Conduct Authority (FCA) has opened Competition Act 1998 investigations into PayPal, Mastercard and Visa over suspected anti-competitive conduct linked to the funding and usage of PayPal’s digital wallet. This is not an AML case, not a consumer-fraud case, and not yet a finding of wrongdoing. It is something potentially more structural.