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Question
Identify the legally relevant product market and geographic market for the proposed merger between GlobeRemit Co. (dominant in Metro Manila with 40% market share in the domestic remittance transfer market and 25% in adjacent provinces) and SunriseRemit, Inc. (holding 12% in Metro Manila and 8% in nearby provinces). The products are domestic remittance transfers conducted through digital wallets/mobile apps and cash-pickup networks, with substitution to bank transfers or other payment channels depending on price and availability. The geographic market should cover Metro Manila and the adjacent provinces where both firms operate. Based on the defined market, assess whether the merger would likely result in a substantial lessening of competition in the market, considering post-merger concentration, substitutability across remittance channels, and entry barriers. Under Sec. 24 RA 10667, would pre-merger notification to the Philippine Competition Commission be required for this transaction, and what remedies or conditions might be appropriate if competition concerns arise?