A PYMNTS Company

UK: Mastercard wins approval for VocaLink

By  |  April 11, 2017

Britain’s competition watchdog has approved Mastercard’s £700 million takeover of UK-based payment processor VocaLink, saying the companies have addressed antitrust concerns.

Following a formal consultation, the Competition and Markets Authority (CMA) found that the package of measures offered by the two firms was “sufficient” and no longer required an “in-depth merger investigation”.

The two companies set out a number of proposals, including VocaLink making its connectivity infrastructure available to a new supplier of infrastructure services to the LINK network of cash machines.

Mastercard has also pledged to “contribute to the cost” of LINK members having to switch to a new supplier.

Full Content: Belfast Telegraph

Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.