Posted on 16.07.2010 at 08:16:28
NATIONAL LOTTERY COMMISSION PROVISIONAL DECISION DENYING CAMELOT A LICENCE TO ENTER THE PAYMENTS MARKET

Payzone considers that the National Lottery Commission have made the right decision in refusing Camelot’s application for a licence to provide commercial services, including bill payments and mobile phone top-ups. In our response to the earlier consultation paper, Payzone raised a number of regulatory concerns in the context of competition law and EU regulation.

Bill Thomson, Payzone UK MD, comments “Payzone is a firm believer in consumer choice and any new entrant that can improve services for consumers and bill issuers should be welcomed. Camelot’s application for a licence to enter this market was unlikely to enhance the availability of services for consumers but has highlighted some of the issues in the industry in relation to consumer choice and experience. This now raises the question over whether the industry needs intervention or regulation to create a truly competitive landscape to ensure that consumer needs are met with the widest choice and convenience.”

Key Contacts:

Kimberley Waldron                                 
SkyParlour PR Limited
M: 07850 742157

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