The Competition and Markets Authority (CMA) said Paypal had refused to offer proposals to address its concerns on how the deal, Paypal's biggest ever, could hurt competition and could lead to higher prices for customers, or worse quality of service.
The regulator had also flagged concerns surrounding competition in the emerging market for "omni-channel" payment services as a result of the merger.
The deadline for a final decision on the matter is May 21, 2019, the CMA said.
(Reporting by Shashwat Awasthi in Bengaluru; Editing by Bernard Orr)
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