UK FCA confirms that it is investigating Mastercard (MA), PayPal (PYPL) and Visa (V) under Chapter I in the Competition Act 1998, and Mastercard and Visa under Chapter II in the Competition Act 1998, for suspected anti-competitive conduct

The UK FCA's investigation into Mastercard, PayPal, and Visa suggests a closer scrutiny of their competitive practices, which could lead to potential penalties or operational changes.

Newsquawk StaffPublished 6 May 2026, 12:42 UTCOn the live feed at 12:22 UTC — 5 more headlines followed before this page went public

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12:30

Quarterly Refunding: Announces USD 125bln refunding through July 2026 (prev. USD 125bln in Q1), to raise new cash of USD 41.7bln (prev. USD 34.8bln in Q1)

12:28

French Aircraft carrier group is moving into the Red Sea in preparation of possible future mission as part of the Franco-British Hormuz Planning

12:22

UK FCA confirms that it is investigating Mastercard (MA), PayPal (PYPL) and Visa (V) under Chapter I in the Competition Act 1998, and Mastercard and Visa under Chapter II in the Competition Act 1998, for suspected anti-competitive conduct

12:15

[MARKET UPDATE] Amidst the ongoing tempering of optimism around US-Iran progress, from both the Iranian and US side, Brent lifts comfortably back above USD 100/bbl, while stocks and fixed slip from highs

12:15

US President Trump told The Post it is “too soon” to start thinking about face-to-face peace talks between the US and Iran, despite optimistic reports the two nations were closing in on a potential framework to end their 67-day war, via NY Post

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"The FCA has reached no conclusions nor made any findings with regard to competition law having been broken."

Context

While no conclusions have been reached yet, the market will be watching for further developments, as regulatory actions can significantly impact investor sentiment and business operations in the payments sector. This could also prompt volatility among these stocks and affect broader financial services sentiment.

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