ISLAMABAD: The Competition Commission of Pakistan (CCP) has granted approval to M/s Bazaar Technologies (Private) Limited for the acquisition of 100% shareholding in Wemsol (Private) Limited. The application for pre-merger clearance was submitted by Bazaar Technologies in accordance with the Competition Act, 2010. The acquisition will be executed either directly by Bazaar Technologies or through its subsidiary, Beta Holding Private Limited (BHPL). The relevant product market for this transaction comprises Electronic Money Institution (EMI) services, Point of Sale (POS) terminals, and related services. The relevant geographic market has been defined as Pakistan, considering supply conditions and consumer preferences. News Desk
