European Authorities Drop Norwegian Competition Investigation

A three-year investigation into whether Norwegian banks were unlawfully blocking third-party provider Trustly has come to an end, after the authority closed the case without making a judgment either way.

Trustly, a payment initiation service provider, had filed a complaint with the European Free Trade Association (EFTA) Surveillance Authority in October 2016, claiming Norway’s entrenched banking sector was engaged in “agreements, decisions or concerted practices” that blocked its market entry.

Request a Free Trial

As a trusted source of regulatory intelligence for the global payments industry, we enable organisations to manage the growing volume and velocity of regulatory risk with confidence, empowering more informed and effective decision making, in an efficient and cost-effective way.

Take a Trial