Barclays studying options for payments business - report
Sharecast
Published Jun 07, 2023 15:49
Barclays studying options for payments business - report
Sharecast - Reuters cited two people familiar with the matter as saying that in recent weeks, Barclays (LON:BARC) has been sounding out consultants to analyse whether some of the payments businesses should be expanded or combined with other providers through a merger or joint venture.
The review, which is in its early stages and may not result in any change to the structure, will include the activities that issue bank cards and those that offer payment services for merchants, one of the people said.
Barclays has already engaged at least one major consultancy firm and may hire others to split assignments, this person said.
A Barclays spokesperson told Reuters: "Our three businesses continue to perform well and our business mix is robust - growing our global payments business is a priority for us."
Reuters cited a source as saying that the payments study comes as Barclays had also drafted Boston Consulting Group to conduct a strategy review of the entire banking group. Bloomberg News reported on the BCG assignment in May.
Read more on Sharecast.com
Get The App
Written By: Sharecast
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.