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Kvika Banki‘s Purchase of Merchant Acquiring Contracts from the Merged Company of Rapyd and Valitor

With this decision, the Icelandic Competition Authority (ICA) authorises Kvika banki hf. ("Kvika") to purchase a specified quantity of merchant acquiring contracts from the merged company of Rapyd Financial Network (2016) Ltd. 

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Síminn Pay ehf. acquisition of part of Rapyd Europe hf. operations

The parties involved in the merger are Síminn Pay ehf. and Rapyd Europe hf. This merger involves Síminn Pay acquisition of Rapyd card loan portfolio. 

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The merger of Skagi hf. and Íslensk verðbréf hf

With this decision, in accordance with Article 17 of the Icelandic competition law, the Icelandic Competition Authority (ICA) has completed its assessment of the merger between Skagi hf. and Íslensk verðbréf hf. (ÍV). The conclusion of ICA‘s merger investigation is that the merger will not lead to the creation or strengthening of market dominance or significantly impede effective competition in other ways in any of the relevant markets. 

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