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.
Is it? What infrastructure is that? AFAIK current solution are developed by private banks. EU is working on digital Euro but it’s independent from other payment methods.