Top UK Banks to Raise £50m to Build Payments Network

Top UK banks to raise £50m to build payments network

Britain’s biggest banks are set to kick off a fundraising campaign that will pave the way for a domestic payments alternative to Mastercard and Visa. The UK Payments Delivery Company (PDC) is launching an equity capital raise as part of a new model from the Bank of England, aligning with the Treasury’s National Payments Vision, [...]

UK banks kick off fundraising in bid to create new payments giant

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.

UK Payments Delivery Company launches equity capital raise - Innovate Finance – The Voice of UK FinTech

UK Payments Delivery Company (UK PDC) has launched an equity capital raise, opening an opportunity for eligible organisations across the UK payments