PUBLIC NOTICE

 

DETERMINATION OF MERGER APPLICATION: IEXCHANGE INC./CASHWIZ (BRB) LTD.

 

The Fair Trading Commission (“the Commission”) has approved Cashwiz (BRB) Limited’s acquisition of iExchange Incorporated’s assets.

 

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 identified markets.

 

To review the summary report for the iExchange/Cashwiz asset acquisition review, click here.

 

 

Dated this 11th day of August 2023