Central Banking

UK competition authority raises concern on VocaLink sale

MasterCard cards

The proposed sale of UK payments infrastructure provider VocaLink to MasterCard could harm competition in its current form, the Competition and Markets Authority (CMA) ruled today (January 4).

The CMA found that MasterCard and VocaLink represent two of the three most credible suppliers of the infrastructure behind the Link ATM network.

"As such, the merger would reduce the number of bidders and limit the ability of the Link scheme to obtain good value when tendering for an infrastructure

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