Investing.com — Mastercard Inc () is considering selling a majority stake in Vocalink, its UK payments subsidiary, back to British banks, the Financial Times reported Monday.
The move comes as the company addresses concerns about U.S. ownership of a key British financial infrastructure asset.
Vocalink operates a substantial portion of the UK retail payments system. The company builds and manages bank account-based payment systems in Britain, handling over 90% of salary payments, more than 70% of household bills, and 98% of state benefits, according to its website.
The potential transaction for a 51% stake could be valued at approximately £400 million, the Financial Times reported, citing people familiar with the discussions.
DeliveryCo, an entity supported by several major UK banks and payment companies, is viewed as a possible buyer, according to the report.
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