Mastercard, Visa and Revolut -v- Payment Systems Regulator

Administrative CourtHigh CourtKing's Bench DivisionJudgment

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Neutral citation number: [2026] EWHC 64 (Admin)

In the High Court of Justice
King’s Bench Division
Administrative Court

15 January 2026

Before:

MR JUSTICE CAVANAGH

Between:

Claim No. AC-2025-LON-000751

THE KING
on the application of
MASTERCARD EUROPE SA
(Claimant)

-v-

PAYMENT SYSTEMS REGULATOR
(Defendant)

and

VISA EUROPE LIMITED
(Interested party)

———-

Claim No. AC-2025-LON-000727

THE KING
on the application of
VISA EUROPE LIMITED
(Claimant)

-v-

PAYMENT SYSTEMS REGULATOR
(Defendant)

and 

MASTERCARD EUROPE SA
(Interested party)

———-

Claim No. AC-2025-LON-000759

THE KING
on the application of
REVOLUT BANK UAB
(Claimant)

-v-

PAYMENT SYSTEMS REGULATOR
(Defendant)

and

(1) VISA EUROPE LIMITED
(2) MASTERCARD EUROPE SA
(Interested parties)