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The consequences of Ingenico acquiring Paymark

  • News
  • April 26, 2018
  • Sarah Dunn
The consequences of Ingenico acquiring Paymark

Listed French payments group Ingenico struck a deal to acquire Kiwi payment network Paymark for $190 million in January this year. The Commerce Commission is working towards a decision on whether or not to grant clearance to the proposed merger, and has now released a statement going over preliminary issues.

The Commerce Commission will only give clearance to the merger once it’s satisfied this will not have the effect of substantially lessening market competition in New Zealand.

Among the issues it’s currently considering are whether the proposed merger will raise vertical effects, which may increase the post-merger Paymark’s ability to foreclose its rivals. One way it could potentially do this is by making it harder or more costly to gain access to Paymark’s switch or related services. Firms vulnerable to this might supply terminals in competition with Ingenico or provide digital gateway services in competition with Paymark and Bambora.

Ingenico has argued that the proposed merger does not raise any vertical concerns as rivals for the supply of terminals could use a rival switch. It would not be in the interests of post-merger Paymark to engage in conduct like the above as any profits gained in the supply of terminals would not exceed the lost profits from reduced switch transactions.

The Commerce Commission intends to make a decision on whether or not to give clearance to the merger by 19 June.

Anyone interested in commenting on the likely competitive effects of this merger can make a submission to the Commerce Commission by May 4. Details on how to do this, and more details on the merger, can be found at the Merger Clearances Register.

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Readings present revised plan for Courtenay Central

  • Property
  • May 16, 2019
  • Radio New Zealand
Readings present revised plan for Courtenay Central

The company that owns Courtenay Central in Wellington says it has big plans for redeveloping the complex - which is closed due to earthquake risks.

Read more
 
 

How to tell if you're a born retailer

  • Opinion
  • May 16, 2019
  • David Farrell
How to tell if you're a born retailer

Retail is a profession, but true retailers are born not made, says Dave Farrell.

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Sustainable soap wrapper among major winners at Pride In Print Awards

  • Opinion
  • May 15, 2019
  • Sue Archibald
 Sustainable soap wrapper among major winners at Pride In Print Awards

A sustainable, heat sealed soap wrapper that is claimed to saving tonnes of PET plastic film, petrochemical wax and glue from landfill each year, has won a major award in the Pride In Print industry awards. Sue Archibald, Pride in Print Awards manager, shares more.

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Zavy and The Register have worked together to create a scoreboard that compares how the top 25 traditional media advertising spenders in New Zealand have performed on social media over the past 30 days, updated in real time.

 
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Inside Little Yellow Bird’s equity crowdfunding campaign

  • News
  • May 15, 2019
  • Sarah Dunn
Inside Little Yellow Bird’s equity crowdfunding campaign

Wellington social enterprise Little Yellow Bird is seeking to scale its ethical apparel operation to the next level with an equity crowdfunding campaign.

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Auckland design agency wins gold for retail packaging

  • News
  • May 14, 2019
  • Courtney Devereux
Auckland design agency wins gold for retail packaging

As a benchmark for impeccably designed packaging of consumer products, The Dieline Awards this year saw creative agency Onfire walk away with recognition for fantastic design for their retail products. We spoke with Matt Grantham, creative director at Onfire Design, about the importance of a strong visual brand in the retail product sector.

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BYO containers policy live from June 1 at Foodstuffs stores

  • News
  • May 14, 2019
  • Sarah Dunn
BYO containers policy live from June 1 at Foodstuffs stores

Customers at Foodstuffs supermarkets’ instore butchery, seafood counter, delicatessen and bakery will be able to have food packed into their own clean, leak-proof containers from June 1.

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