The EU Commission approves an acquisition of a payment solution provider’s account-to-account payment business by a global payment card company, subject to conditions (Nets / Mastercard)

Mergers: Commission approves acquisition of Nets' account-to-account payment business by Mastercard, subject to conditions* The European Commission has approved, under the EU Merger Regulation, the proposed acquisition of Nets' account-to-account payment business by Mastercard. The decision is conditional on the transfer of a license for Nets' “Realtime 24/7” technology for account-to-account core infrastructure services as well as of the relevant personnel and other assets. Executive Vice-President Margrethe Vestager, responsible for competition policy, said: “Companies and citizens seek competitive and innovative payment solutions for their banking transactions. This merger, as originally notified, would have significantly reduced competition in the market for account-to-account core

L'accès à cet article est réservé aux abonnés

Déjà abonné ? Identifiez-vous

L’accès à cet article est réservé aux abonnés.

Lire gratuitement un article

Vous pouvez lire cet article gratuitement en vous inscrivant.

 

Version PDF

Auteur

Citation

European Commission, The EU Commission approves an acquisition of a payment solution provider’s account-to-account payment business by a global payment card company, subject to conditions (Nets / Mastercard), 17 août 2020, e-Competitions August 2020, Art. N° 96467

Visites 192

Tous les numéros

  • Latest News issue 
  • Tous les News issues
  • Latest Special issue 
  • Tous les Special issues