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UK Banks Launch DeliveryCo to Diminish Visa, Mastercard Dependence

2/17/2026

41 9 Full Breakdown

Summary

UK Banks Innovate Payments

UK banks are advancing DeliveryCo, a domestic payments system led by Barclays’ Vim Maru, to reduce reliance on Visa and Mastercard, which handle 95% of card transactions.
The project aims to safeguard the UK economy amid concerns about disruptions from U.S. political actions, including those of U.S. President Donald Trump.
Barclays, NatWest, and Lloyds are collaborating on DeliveryCo, which is expected to be operational by 2030.

Summary

Shopify Boosts Stock

Shopify will initiate a $2 billion share buyback on February 17 to support stock prices.
Harley Finkelstein, President of Shopify, said AI will enhance distribution without bypassing Shopify's checkout.
Concerns remain that AI-driven shopping agents could divert customers away from Shopify's platform.
For the first quarter, Shopify targets revenue growth in the low-thirties percent range and a free cash flow margin in the low- to mid-teens.

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UK Banks Innovate Payments

UK banks are advancing DeliveryCo, a domestic payments system led by Barclays’ Vim Maru, to reduce reliance on Visa and Mastercard, which handle 95% of card transactions.
The project aims to safeguard the UK economy amid concerns about disruptions from U.S. political actions, including those of U.S. President Donald Trump.
Barclays, NatWest, and Lloyds are collaborating on DeliveryCo, which is expected to be operational by 2030.

1 / 2