The UK Payments Delivery Company will this week launch a process to raise in the region of £50m to fund the development of a new domestic infrastructure player, Sky News learns.
Britain’s biggest banks will this week embark on a process to raise tens of millions of pounds to fund the development of a new payments infrastructure vehicle that could ultimately evolve into a domestic alternative to Mastercard and Visa.
I’m sorry, they’re launching fundraising? For £50M? And they’re banks that
won’t payallegedly can’t afford that price tag? Rich people suck. Capitalism is a mistake.I think it’s fundraising within the group, they aren’t running a Kickstarter or anything.