Europe's planned rival to Visa and Mastercard appeals for public funding

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Private backers not prepared to stump up all the cash needed.

Europe's planned rival to Visa and Mastercard appeals for public funding
A planned pan-European payments network backed by 22 banks to compete with US duo Mastercard and Visa appealed on Tuesday for public money, saying its private backers were not prepared to stump up all the cash needed. The European Payments Initiative (EPI) was launched last year and is seeking ...

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