RBS Joins Forces With Mastercard to Invest in Global Payment Services System
31 Outubro 2019 - 8:12AM
Dow Jones News
By Sabela Ojea
Royal Bank of Scotland Group PLC (RBS.LN) said Thursday that it
is investing in a global payment system business with Mastercard
Inc. (MA), Motive Partners and EFM Asset Management.
The majority-state-owned bank said that Pollinate will work with
banks around the world to deploy its platform that provides
merchants with payments, business management and marketing
connectivity with their customers.
RBS said Pollinate has already been working with NatWest to
develop the Tyl platform which was launched in May for small and
medium enterprises. Pollinate is also in advanced talks with other
retail banks.
"Partnering with such high-quality companies, each of us
bringing unique expertise and skills, allows for a truly
international offering, benefiting not only our customers but the
wider merchant acquiring space," Deputy Chief Executive of NatWest
Holdings and CEO of Commercial & Private Banking at RBS Alison
Rose said.
Write to Sabela Ojea at sabela.ojea@wsj.com; @sabelaojeaguix
(END) Dow Jones Newswires
October 31, 2019 06:57 ET (10:57 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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