Basic Search  |  Summaries  |  Advanced SearchPenalty: £250,000
Year: 2019
Date: 24 September, 2019
Offence Group: financial offences
Offence Type: investor protection violation
Violation Description: Paypal was fined £250,000 for violating a derogation allowing it to start integration with part of the acquired iZettle AB before completion of a CMA merger investigation as long as the integration did not affect business in the UK. PayPal was alleged to have started a pilot scheme cross-selling iZettle card readers to Paypal customers in the UK.
Action Type: agency action
Agency: Competition and Markets Authority
HQ Country of Parent: United States
Ownership Structure of Parent: publicly traded
Major Industry of Parent: financial services
Specific Industry of Parent: online payments
Source of Data: (click here)