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...
To view the full article, register now.