MEDIUMVulnerability
Global

UK Payments Initiative launches to challenge Visa and Mastercard stranglehold

·Source: Finextra

Updated:

Executive Summary

The UK Payments Initiative, a new company formed with the backing of the UK's biggest banks, has gone live, with the aim of undermining the dominance of US card networks in payments.

Analysis

The UK Payments Initiative, a new company formed with the backing of the UK's biggest banks, has gone live, with the aim of undermining the dominance of US card networks in payments.
Source Attribution

Originally published by Finextra on Jun 2, 2026.

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