ACCC approves eftpos, BPAY, NPP merger – Finance – Software

eftpos, BPAY and NPP Australia (NPPA) have been granted permission to merge after the country’s opposition watchdog acknowledged their offer you to maintain the eftpos payments scheme right until at least 2025.

The Australian Opposition and Shopper Commission (ACCC) authorised the proposed merger amongst the a few payments infrastructure vendors on Thursday after accepting court enforceable undertakings proposed final month.

The undertakings sought to address marketplace fears that the merger would weaken payment opposition, with the parties providing to maintain present-day ranges of assistance, such as least-price routing (LCR) and the eftpos payments scheme, for at least four many years.

“We do not take into consideration that the merger of these parties will significantly lessen completion in any payments sector, after taking into account the court enforceable enterprise,” ACCC chair Rod Sims reported.

Sims reported that after considering potential opposition fears, such as about the effects of the merger on

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