UK Banks Begin Fundraising for New Payments Infrastructure
UKPulse Money Desk
Britain's largest banks are starting a fundraising effort this week to develop a new payments infrastructure, potentially creating a domestic alternative to Mastercard and Visa.
- UK banks are initiating fundraising this week.
- The aim is to raise tens of millions of pounds.
- The funds will support a new payments infrastructure vehicle.
Britain's largest banks are set to begin fundraising this week, aiming to secure tens of millions of pounds. This capital is intended to fund the development of a new payments infrastructure vehicle.
This new infrastructure could potentially evolve into a domestic alternative to existing payment giants like Mastercard and Visa.