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.
Well, it doesn’t need to be. That’s the whole point. Instead of forcing 500 million users into a single app , EU is building the shared infrastructure on which ANY approved app can interoperate for free. And that I think is the best way to operate in the EU.