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Business / Economics

Namibian Competition Commission accuses banks of price-fixing

todayApril 23, 2024 27

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The Namibian Competition Commission has accused the Payments Association of Namibia and several commercial banks of colluding in price-fixing activities related to card transaction fees. According to the Commission, the banks, which are competitors in the market, allegedly colluded with PAN to collectively set interchange fees, a practice deemed anti-competitive and prohibited by law. Here is the NaCC spokesperson Dina //Gowases with more details.

Written by: Tonata Kadhila

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