Home arrow Fair Competition arrow Fair Competition arrow FTC Issues Report on the Acquisition of Massycard (Barbados) Ltd. by Delta Capital Partners Ltd.

Did You Know?

  • The FTC must consult the public before making decisions on utility regulation matters.
  • The FTC has the power to stop a merger.
  • If you have been misled about the price or nature of goods or services, you must first let the business try to resolve it before contacting the FTC.
  • TELECOMMUNICATIONS SERVICES THE FTC REGULATES [pdf]
SiteLock
PDF Print
Active Image
 
PUBLIC NOTICE
 
DETERMINATION OF MERGER APPLICATION: MASSYCARD (BARBADOS) LIMITED/ DELTA CAPITAL PARTNERS (JAMAICA) LIMITED
 
The Fair Trading Commission (“the Commission”) has approved Delta Capital Partners (Jamaica) Limited’s acquisition of Massycard (Barbados) Limited.
 
The Application sought approval for the acquisition of the credit card portfolio and selected supporting assets of Massycard (Barbados) Limited by Delta Capital Partners (Jamaica) Limited through its Barbados based subsidiary, Delta Payment Services (Barbados) Limited.
 
Following its identification of the relevant product markets in Barbados, the Commission completed a comprehensive competitive analysis which considered the potential impacts of the transaction. Consideration was also given to the number and relative size of the firms in the market and the effect of barriers on new firms seeking to enter each market.
 
Subsequent to this analysis, and pursuant to Section 20(5) of the Fair Competition Act, CAP. 326C, the Commission determined that the merger would not lessen competition in the market of the provision of closed loop credit card services in Barbados.
 
 
 
Dated this 18th day of January 2023 
 
Next >