UK banks kick off fundraising in bid to create new payments giant (news.sky.com)

submitted 1 day ago by i_am_not_a_robot@feddit.uk to c/buyeuropean@feddit.uk

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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.

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[-] Quacksalber@sh.itjust.works 9 points 1 day ago

Fine-ish. My bank has integrated Wero in its banking app, which would be a good thing, but for some god forsaken reason, they want access to my phone contacts to use it at all. The only thing that works for me is paying Wero invoices.

this post was submitted on 15 Sep 2026

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