UK Antitrust Watchdog OKs Payment Systems Operators Deal

Law360, London (July 13, 2017, 1:53 PM BST) -- The Competition and Markets Authority has approved the consolidation of the U.K.’s main payment systems operators into a single mechanism, under plans to open Britain’s £75 trillion ($96.9 trillion) payments sector to greater competition.

Wednesday's decision marks a milestone on the road to creating a new single payments systems operator by the end of 2017, a move that is intended to make it easier for banks, financial technology firms and other payment service providers to enter the market.

Britain’s antitrust watchdog said it had approved plans...
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