The Hungarian Competition Authority accepts the commitments offered by two companies operating in the market of card payment services and closes the cartel proceedings (MasterCard / OTP)

The case of MasterCard and OTP is closed by the acceptance of commitments* The Hungarian Competition Authority (Gazdasági Versenyhivatal – GVH) accepted the commitments offered by MasterCard Europe Sprl (MasterCard) and OTP Bank Nyrt. (OTP), through the implementation of which the undertakings shall bring the stipulations of their agreement in line with the rules of the applicable competition law. On the basis of the commitments, the GVH imposed an obligation on the parties to terminate in their agreement on incentives and support made for a five-year period, OTP’s undertaking of a card-ratio and MasterCard’s undertaking to provide

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Hungarian Competition Authority, The Hungarian Competition Authority accepts the commitments offered by two companies operating in the market of card payment services and closes the cartel proceedings (MasterCard / OTP), 8 June 2015, e-Competitions Bulletin Commitment Decisions, Art. N° 73956

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