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Inaction on Mastercard, Visa duopoly not an option, UK payment regulator chief says

By Fiona Maxwell ( January 27, 2022, 12:08 GMT | Insight) -- Taking no regulatory action as competition fails to take off in the card payments sector is not an option, the chief UK payments regulator said today. Chris Hemsley said there are questions about whether there is enough rivalry in the industry to keep Mastercard and Visa on their toes.Regulatory action on the UK’s payments duopoly looks to be necessary to ensure competition is maintained in the market, the managing director of the Payment Systems Regulator said today....

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