PayPal, Visa and Mastercard Face UK Competition Investigation

British competition regulators have launched an investigation into PayPal , Mastercard and Visa . The investigation is to determine whether the three companies engaged in “anti-competitive conduct linked to the funding and usage of PayPal’s digital wallet,” the Financial Conduct Authority (FCA) said in a Wednesday (May 6) press release . According to the FCA, the probe centers around possible violations of the U.K.’s 1998 Competition Act, including a section prohibiting “conduct which amounts to