payments Killing the card? The UK’s banks eye a payments revolution A drive to A2A-based VRP could break Mastercard and Visa’s payments stranglehold Edward Targett Jun 04, 2026 - 2 min read The UK has launched a new company to reform payments – and it may break the stranglehold of US card network providers Mastercard and Visa. Get the full story: Subscribe for free Join peers managing over $100 billion in annual IT spend and subscribe to unlock full access to The Stack’s analysis and events. Subscribe now Already a member? Sign in