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Mastercard-Nets deal provokes Norwegian worries of losing clearing control

By Jack Schickler ( May 20, 2021, 11:42 GMT | Insight) -- Mastercard’s purchase of the bulk of payment company Nets has led Norwegian regulators to worry about reliance on external service providers for vital interbank settlement systems as the country considers whether to build its own instant-payments network or join the EU’s. There's also increasing concern among EU regulators about dependence on the major payment-card giants.Mastercard’s purchase of the bulk of payment company Nets has led Norwegian regulators to worry about reliance on external service providers for vital interbank settlement systems as the country considers whether to build its own instant-payments network or join the EU’s. ...

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