May 10, 2021

United Kingdom will investigate in more detail the purchase of iZettle by PayPal

United Kingdom will investigate in more detail the purchase of iZettle by PayPal



Specifically, on November 26, the authority concluded, after the completion of the first phase of the investigation, that the purchase posed risks to competition, which could result in higher prices or a worse service for customers of PayPal

Also, the regulators added that if iZettle had not been bought "it could have been a strong competitor" in the omnichannel payment services sector.

The CMA has specified that PayPal has decided not to make any claim to "resolve" the concerns of the British regulators, so the investigation will now be referred to an independent group of experts, which has until May 21, 2019 to issue an assessment.

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