Ingenico is a global payment services company offering point of sale (POS) payment terminals, electronic payment software and transaction services. In New Zealand, Ingenico is a wholesale supplier of its POS terminals to resellers and operates a digital payments gateway business called Bombora.

Paymark is an operator of a payment switch and is owned by four of New Zealand’s five major trading banks: ANZ, BNZ, Westpac, and ASB. Paymark’s payment switch receives electronic requests for transfer of funds from businesses at the point of sale and directs them to the appropriate bank for transfer of those funds. In addition to its switching infrastructure, Paymark provides a range of eCommerce offerings including digital payment gateways.

A public version of the application will be available on the Commission’s Clearances Register shortly.


We will give clearance to a proposed merger if we are satisfied that the merger is unlikely to have the effect of substantially lessening competition in a market.

A fact sheet explaining how the Commission assesses a merger application is available on the clearances page.