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The Independent UK
The Independent UK
National
Vicky Shaw

Mastercard and others fined for cartel behaviour in prepaid cards market

PA Archive

Five companies including Mastercard have been handed fines totalling more than £33 million for infringing competition law in relation to Britain’s prepaid cards market.

The Payment Systems Regulator (PSR) said it had concluded that the companies infringed competition law by agreeing not to compete or poach each other’s customers.

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