M/21/004 – AIB/BoI/PTSB/KBC- Mobile Payment JV
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|
Phone: + 353 1 470 3681
Phone: + 353 1 470 3692
Media enquiries: firstname.lastname@example.org