UK regulator fines Mastercard, others for prepaid cards cartel

Britain's payments regulator on Tuesday fined five payments companies including Mastercard a total of 33 million pounds ($45.01 million) for cartel behaviour involving prepaid cards issued to vulnerable people on welfare benefits.
Read more: https://www.reuters.com/business/finance/uk-regulator-fines-mastercard-others-prepaid-cards-cartel-2022-01-18/?source=Snapzu