Competitive concerns regarding fintech acquisitions

The uncertainty in the UK economy as a result of the coronavirus is motivating a number of smaller fintechs to withdraw money and sell it to larger, traditional financial services and established fintech companies.

Payment giants, including Visa and American Express, made significant fintech acquisitions in 2020, raising concerns about UK competition watchdog, the Competition and Markets Authority (CMA).

These fintech acquisitions are a sign that both traditional …

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