European Commission fines Mastercard approx. € 570 million

The European Commission fined Mastercard approx. €570 million as it restricted merchants to get better conditions from banks operating in member states in the EU other than those of the merchants. Mastercard prevented merchants from accessing cross border card payment services in this way. The press release dated 22 January 2019 about the decision of the European Commission is available at http://europa.eu/rapid/press-release_IP-19-582_en.htm