💨 Abstract

Visa confirmed that the European Commission (EC) has initiated a preliminary investigation into fees charged to retailers, following Reuters' report of EU antitrust regulators investigating Visa and Mastercard's fees for potential negative impacts on retailers. The EC also closed a separate investigation into Visa's incentive agreements with clients. Mastercard also disclosed a broader EC investigation into alleged anti-competitive behavior.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖