M/21/004 – AIB/BoI/PTSB/KBC- Mobile Payment JV

Transaction details

The proposed transaction whereby a joint venture between Allied Irish Banks, P.L.C.; the Governor and Company of the Bank of Ireland; Permanent TSB P.L.C. and KBC Bank Ireland P.L.C. will be created for the purpose of implementing a new industry-wide mobile payment system service that can be used, subject to the joint venture licensing terms, by all financial institutions (including consortia of smaller financial institutions) that issue Euro-denominated IBANs to Irish customers has been notified to the Competition and Consumer Protection Commission.

 

Notification date Decision date
Friday January 8, 2021
Parties Involved Business activities
Allied Irish Banks P.L.C.

Allied Irish Banks P.L.C. ("AIB") is a financial services group operating predominately in the State and the United Kingdom. AIB provides a range of services to personal, business and corporate customers.

The Governor and Company of the Bank of Ireland

Bank of Ireland ("BoI") is a financial services group providing a broad range of banking and other financial services with offices in the State, the United Kingdom, the United States of America, Germany, France and Spain.

Permanent TSB P.L.C.

PTSB is a financial services group with a focus on personal and small business customers.

KBC Bank Ireland P.L.C.

KBC Bank Ireland is part of the KBC Group, a Belgian-based financial services group providing a range of financial and insurance services to personal and business customers.

Economic sector Media merger
Financial and insurance services No
Submissions from third parties due by:
Phase 1 Phase 2
Friday, January 22, 2021
Current status: Active
Preliminary investigation (Phase 1)
Authorised Officer Assigned Contact Details
Cathal Hanley

Phone: + 353 1 470 3681
e-mail: cathalhanley@ccpc.ie

Kathryn MacGuill

Phone: + 353 1 470 3692
e-mail: kathrynmacguill@ccpc.ie

Media enquiries: communications@ccpc.ie

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