Visa is in preliminary talks to buy former subsidiary Visa Europe in a deal that may be valued at as much as US$20bn. “The talks, which began when Visa approached Visa Europe, are at an early stage and could fall apart if the two sides can’t agree on a price,” Bloomberg reports. “Visa Europe is owned by more than 3,000 European banks and has a put option that would force its former parent to buy it within about nine months if at least 80% of its board agrees.”
- Contactless transit payments go live in Miami
- Telia tests 5G face recognition payments
- Lojas Americanas opens checkout-free automated convenience stores in Brazil
- Apple rolls out Apple Card, extends 3% cashback offer to third party merchants
- Facebook to partner with banks for WhatsApp payments rollout?