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August 15, 2022
Finance Technologies

UK regulator probes Visa’s acquisition of Plaid

The UK’s Competition and Markets Authority (CMA) has revealed it is investigating Visa’s $5.3 billion acquisition of open banking fintech Plaid, which was announced in January. Plaid pits Visa in the middle of fintechs’ relationships with banks and consumer The regulator said it is “considering whether it is or may be the case” that this transaction has resulted in “a substantial lessening of competition” in the UK’s markets. It cites the Enterprise Act 2002, which was designed to penalise those firms in the UK which participate in anti-competitive behaviour. Visa’s acquisition of Plaid in January kicked off a trend of…
UK regulator probes Visa’s acquisition of Plaid

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