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Ingenico's 2018 Paymark deal may have harmed competition, New Zealand regulator says

By James Panichi ( March 1, 2024, 01:59 GMT | Insight) -- French payment-systems operator Ingenico Group’s 2018 acquisition of point-of-payments systems operator Paymark has led the New Zealand company to offer some clients unsustainable terms, according to an “ex post” review of the deal by the country's antitrust regulator, which was published this week. In a document reviewing merger approvals between 2013 and 2019, the New Zealand Commerce Commission concluded that merging parties tend to overestimate the competitiveness of their markets and the likelihood of new market entrants.French payment-systems operator Ingenico Group’s 2018 acquisition of point-of-payments systems operator Paymark has led the New Zealand company to offer some clients unsustainable terms, according to an “ex post” review of the deal by the country's antitrust regulator, which was published this week....

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