Fintech

Visa wins approval for $5.3bn takeover of US fintech firm Plaid

CMA gives green light after concluding the UK’s fintech scene has plenty of competition for non-card e-payments

The UK’s Competition and Markets Authority has given the green light to Visa’s $5.3bn takeover of fintech data-sharing firm Plaid — after judging that London’s vibrant fintech scene would provide plenty of further competition, even once the pair join forces.

Visa swooped with its bid to buy Plaid, a US-based tech provider that connects new digital apps to existing bank accounts, in January.

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The Worst Performer in Billionaires’ Portfolios? Trophy Art.External link

The Worst Performer in Billionaires’ Portfolios? Trophy Art.