EU antitrust regulators have widened their investigation into Visa and Mastercard's fees, seeking feedback from terminal providers and payments companies. This escalation could potentially lead to charges of anti-competitive practices, according to a European Commission document.
The probe is examining whether the fees charged by the payment networks negatively impact retailers and if their market power is being leveraged in an anti-competitive manner. This expanded inquiry indicates a deeper level of scrutiny from European authorities.
The outcome of this widened investigation could have significant implications for Mastercard's operations and revenue streams in the European Union. Potential findings of anti-competitive behavior could result in substantial fines or mandated changes to business practices.
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