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U.K.’s Competition Watchdog Clears Deal Between Visa and Plaid

Aug. 24, 2020, 6:31 AM

The U.K.’s Competition and Markets Authority’s decision follows a Phase 1 review that found Visa would continue to face competition from PIS-enabled payments, and other types of services in the U.K., after the merger, according to a statement.

  • Also found that the combined Visa-Plaid business would not be able to push other providers out of the market
  • NOTE: Visa to Buy Plaid for $5.3 Billion in Bid to Reach Startups (2)

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Charles Capel in London at ccapel2@bloomberg.net

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