The Australian Competition Authority authorizes a merger between multiple payment service providers subject to court-enforceable conditions (BPAY / eftpos / NPPA)

On 9 September 2021, the Australian Competition and Consumer Commission ("ACCC") authorised the proposed amalgamation of three payment service providers, BPAY Group Holding Pty Ltd ("BPAY"), eftpos Payments Australia Limited ("EPAL") and NPP Australia Limited ("NPPA"), subject to a court enforceable undertaking (the "Undertaking"), provided by the amalgamated entity's holding company, Australian Payments Plus Ltd ("AP"). Key takeaways The ACCC authorised the amalgamation of payment service providers BPAY, eftpos and NPPA. This is only the ACCC's third merger authorisation determination, despite the process being available since 2017.The merger authorisation process enables parties to seek authorisation of proposed transactions that may substantially lessen competition, on the basis

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  • Ashurst (Sydney)
  • Ashurst (Sydney)

Quotation

Tihana Zuk, Melissa Fraser, The Australian Competition Authority authorizes a merger between multiple payment service providers subject to court-enforceable conditions (BPAY / eftpos / NPPA), 9 September 2021, e-Competitions September 2021, Art. N° 103671

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