The UK Payments Delivery Company will this week launch a process to raise in the region of ยฃ50m to fund the development of a new domestic infrastructure player, Sky News learns.

Britainโ€™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.

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[โ€“] 13 points 1 month ago (3 children)

I'm sorry, they're launching fundraising? For ยฃ50M? And they're banks that won't pay allegedly can't afford that price tag? Rich people suck. Capitalism is a mistake.

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  • [โ€“] [S] 10 points 1 month ago (2 children)

    I think it's fundraising within the group, they aren't running a Kickstarter or anything.

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