Visa’s $5.3 Billion Acquisition of Plaid Is Fundamentally Anti-Competition...
Visa, the global payments technology company, announced earlier this week its agreement to acquire FinTech infrastructure provider, Plaid, for $5.3 billion. This acquisition presents a competitive win for Visa and a glorious exit for Plaid’s founders and investors, but a loss for consumers, for FinTech developers, for US retailers, and for US consumer banking institutions.
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