Mastercard faces court over anti-competitive deals with major retailers
Inside Retail
MAY 30, 2022
Proceedings have commenced in the Federal Court against Mastercard’s Asia/Pacific and Australian businesses over alleged breaches of competition law in deals signed with more than 20 large retail groups. The Australian Competition and Consumer Commission says the financial services giant has been engaging in anticompetitive conduct since 2017 in the supply of debit card acceptance services, with the purpose of substantially lessening competition.
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