Ingenico appears to be the buyer of the Paymark eftpos business in New Zealand.A price in the order of NZ$150 million is one version of the speculated price tag - around seven times Paymark's net profit of NZ $21 million.The business was put up for sale in early 2016, with Cameron Partners advising the vendors - New Zealand's (and Australia's) four largest banks. Each bank owns 25 per cent.Cuscal, advised by Macquarie Bank, also pitched but did not reach the stage of due diligence.The acquisition will drum up demand for Ingenico's payments terminals in a market where VeriFone has been gaining ground, and independent deployers are the gatekeepers for choice of terminal at merchants. US payments giant VeriFone acquired EFTPOS New Zealand (a separate network) from ANZ in 2012.Paymark is the leading payments processor in New Zealand and handles around three quarters of all card transactions in the country. This network includes 140,000 EFTPOS terminals across 80,000 merchants, with approximately 1.2 billion transactions worth NZ$60 billion carried each year on behalf of more than 50 card issuers and acquirers.Merchant numbers have grown by around 10,000 and transaction numbers have grown by around 100,000 since the banks placed Paymark on the market.Less than two months ago Ingenico bought Bambora from Nordic Capital, adding online acquiring to Ingenico's terminal business in Australia and New Zealand, and a "gateway" payment processor in Australia.