The UK's Financial Conduct Authority has launched an antitrust investigation into PayPal, Mastercard, and Visa concerning alleged anti-competitive practices related to PayPal's digital wallet. This inquiry stems from a previous industry report on digital wallets and focuses on how PayPal's wallet is used and operates. The investigation aims to address potential monopolistic behavior within the digital payments sector. AI
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RANK_REASON The cluster contains news of a major regulatory action by a government body against significant industry players. [lever_c_demoted from significant: ic=2 ai=0.4]