In a world of open banking, Amazon holds all the cards in the face off with Visa Amazon vs Visa From January 2022, Amazon will no longer accept Visa credit cards. This is a significant move in a landscape of ever-increasing competition for payments, a growing number of incentives for a move away from credit cards and the potential to bypass traditional payments altogether. Whether or not it was a negotiation tactic to put Visa [...]
Legacy banks don’t deserve a bigger slice of the pie than fintech businesses Rishi Sunak plans to slash the bank profit surcharge from 8 per cent to 3 per cent. This is designed to offset the rise in corporation tax to 25 per cent in 2023, but only for the big banks. John Glen, economic secretary to the Treasury, outlined the logic behind the move in September, stating [...]
