Antitrust Antitrust

Mastercard’s role in UK prepaid-cards cartel leads to GBP31 million fine by payments regulator

By Simon Zekaria
  • 18 Jan 2022 06:08
  • 18 Jan 2022 06:08
Mastercard and four other prepaid credit card companies have been fined more than 33 million pounds ($45 million) collectively by a UK watchdog for operating two cartels that hurt local authorities and consumers.

The Payment Systems Regulator said that, over six years from 2012, the parties broke competition rules by colluding over client contracts

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