ACCC authorises payment systems merger after undertaking* The ACCC has authorised the proposed merger of BPAY Group Holding Pty Ltd and its subsidiaries (together, BPAY), eftpos Payments Australia Ltd (eftpos) and NPP Australia Ltd (NPPA), after accepting a court-enforceable undertaking offered by the parties. BPAY, eftpos and NPPA each provide payment services to consumers and businesses through their respective payment systems, BPAY, eftpos and the New Payments Platform. “We do not consider that the merger of these parties will substantially lessen competition in any payments market, after taking into account the court-enforceable undertaking,” ACCC Chair Rod Sims said. “The ACCC found that, at a high level, the services of the three companies do not compete closely. We considered
The Australian Competition Authority clears a payment systems merger after accepting a court-enforceable undertaking offered by the parties (BPAY / eftpos / NPPA)
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