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.
They could add a few more with England, Scotland, Wales, Northern Ireland…
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.