The news: German antitrust regulators are investigating PayPal, per Bloomberg.
Why it’s worth watching: Germany is one of PayPal’s largest global markets.
The big takeaway: The investigation could make PayPal update its merchant agreements so sellers can more easily offer competing wallets—which could decrease PayPal’s payments dominance in Germany.
PayPal has been expanding in Europe—it recently brought its crypto payments product to Luxembourg, for example. Any changes that come in Germany may dampen the firm’s growth prospects in Europe. But the investigation into PayPal has barely begun—and may not result in significant changes to how PayPal operates.
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