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UK Regulators Greenlights Visa’s Acquisition of Fintech Startup Plaid
Summary: In an August 24 announcement, the U.K. Competition and Markets Authority (CMA) has cleared Visa’s anticipated purchase of fintech start-up Plaid after investigating the deal’s possibility to harm competition. Plaid is able to connect applications to a user’s bank accounts and offers payment initiation services (PIS) which allow direct real-time payments to be made via ...
In an August 24 announcement, the U.K. Competition and Markets Authority (CMA) has cleared Visa’s anticipated purchase of fintech start-up Plaid after investigating the deal’s possibility to harm competition.
Plaid is able to connect applications to a user’s bank accounts and offers payment initiation services (PIS) which allow direct real-time payments to be made via merchant websites, while Visa specializes in electronic payments.
By Lily Yang
Tags: plaid,Regulation,Visa
Link: UK Regulators Greenlights Visa’s Acquisition of Fintech Startup Plaid [Copy]
