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epay sets sights on acquiring Ezi-Pay

epay has applied to the Commerce Commission for clearance to acquire Ezi-Pay Ltd.

epay has applied to the Commerce Commission for clearance to acquire Ezi-Pay Ltd. 

The buyout would include certain assets of Compass Communications and the assets or shares of EFTDATA Holdings Ltd.  The latter two companies have the same shareholders as Ezi-Pay.

Both epay and Ezi-Pay are involved in payment processing markets, including for prepay phones, landline calling cards, gift cards and vouchers, and computer software and games purchase/activation cards.

The commission’s role is to determine whether the acquisition would harm competition in the market.

It is due to make a decision by January 31.