Paymark sale to Ingenico cleared by ComCom

Thu, 01 Nov 2018

By Gavin Evans Nov. 2 (BusinessDesk) - Ingenico’s $190 million purchase of payments systems provider Paymark has been cleared by the Commerce Commission. The deal, which would give the French company, which is also in the payment solutions business, control of more than three-quarters of the country’s eftpos terminals, has been under the regulator’s scrutiny since July. Today the commission said it was satisfied the acquisition would not substantially lessen competition in any of the markets it assessed. “This is a complex market th...

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