Saturday, November 23, 2024

CCP Approves PPR Holding A.S. Acquisition of SadaPay

On August 13, the Competition Commission of Pakistan (CCP) approved PPR Holding A.S.’s acquisition of 100% of SadaPay Technologies Limited. PPR Holding A.S., a Turkish investment firm, will gain full control over both SadaPay Technologies and its Pakistani subsidiary, SadaPay (Private) Limited, known for its Mastercard debit card and digital wallet services.

The CCP’s assessment found that SadaPay’s market share in Pakistan’s electronic money sector is minimal and that the acquisition will not lead to market dominance.

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The approval under Section 31(1)(d)(i) of the Competition Act, 2010, allows PPR Holding A.S. to enter the Pakistani market, bringing new technologies and improved customer service standards. The move highlights Pakistan’s potential for business expansion and investor interest.

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Zayn
Zayn
Zain is a dynamic business student with a passion for technology that goes beyond the classroom. When he's not immersed in his studies, Zain can be found playing with the latest gadgets, fueled by a genuine curiosity for emerging tech trends. His love for technology extends to his avid reading habits, where he stays updated on the latest advancements and breakthroughs in the tech world. Despite his academic focus, Zain is also an outdoor enthusiast, always ready for an adventure. With several years of experience in writing news, Zain brings a unique blend of business acumen, tech-savviness, and journalistic expertise to any discussion or project.

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