Last week, Fidelity National Services (FIS) agreed to sell a majority stake in its Worldpay business to private equity funds managed by GTCR in a deal that values the merchant payments at $18.5 billion. However, just 4 years ago, FIS acquired Worldpay for more than $30 billion with the intention to revolutionize the industry, but […]
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On March 10, Visa announced that it completed its acquisition of Tink, an open banking platform that enables financial institutions, fintech and merchants to build financial products and services and move money. This is Visa´s largest acquisition in Europe since it acquired Visa Europe in 2016 and it will expand the company´s capabilities in the […]
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Visa lags behind its main rivals in the European market for direct payments, with open-banking platform Tink potentially unlocking access to a significant market opportunity. However, the deal will undergo significant antitrust scrutiny in the EU and the U.K.
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Mastercard can’t shake off a $19 billion consumer class action in the U.K. which may become the first opt-out collective proceeding (as known in the U.K.) to be certified by the Competition Appeal Tribunal (CAT). In this article we explain how much Mastercard may need to pay if it loses this case.
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Blockchain is seen by many companies as a magic device that will validate all their data and will provide them with a competitive edge. The truth is that most of the projects started up to date have encountered difficulties to make it a reality, let alone, profitable.
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Visa’s $5 billion acquisition of Plaid was unconditionally cleared by the U.K.’s CMA on August 24. It contrasts with the EU conditional approval obtained by Mastercard in its acquisition of Nets on August 17. The analysis conducted by the U.K. regulator left a door wide open for companies like American Express, PayPal and TrueLayer to continue the consolidation in the customer-to-business (C2B) payment sector.
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