# PayPal, Mastercard and Visa say they are cooperating with the FCA.

*fintech · news · 2026-05-06 · Reuters*

## Key points

- The FCA is investigating PayPal's contractual agreements with Mastercard and Visa for competition issues.
- Mastercard and Visa received FCA information notices regarding their relationships with PayPal's digital wallet.
- Digital wallet card transaction usage in Britain jumped to 29% from 8% in 2023.
- This FCA probe follows joint regulator reports raising specific competition concerns with digital wallet providers.
- Britain's antitrust watchdog previously secured commitments to enhance fairness and interoperability among major digital wallets.

**Companies:** Mastercard, Visa, PayPal
**Countries:** United Kingdom

[Read the full story on Reuters](https://www.reuters.com/sustainability/boards-policy-regulation/uks-fca-opens-probe-into-mastercard-visa-paypal-over-suspected-anti-competitive-2026-05-06/)

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