£14bn class action suit against Mastercard to go ahead

The UK’s Supreme Court has said it will allow an £14bn British class action suit against Mastercard to proceed.

It upholds last year’s Court of Appeal ruling on the case and sets the stage for the UK’s first ever mass consumer claim.

Claimants are suing Mastercard for allegedly overcharging fees on consumer card transaction affecting 46 million people in the UK over 15-years

Almost every adult in the UK could receive a payout of up to £300 from Mastercard if the case is successful.