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€“] 2 points 1 month ago

Wero is controlled by French and German banks. Other countries don't want to get involved. They prefer to build solutions they can control themselves.

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