Facebook and Cielo are requesting that Cade, Brazil’s antitrust watchdog, overturn the suspension of WhatsApp‘s payment system rollout in the country, Reuters reported. The companies argued that their agreements are not exclusive, and other countries would be allowed to forge agreements with WhatsApp as well....
In Brazil, the antitrust watchdog, Cade, is looking into the credit card industry, with an eye on possible anticompetitive practices. The investigation comes, Reuters reports, after a complaint by Nubank, a Goldman Sachs-funded FinTech. The company offers credit cards and checking accounts to 3 million...
July 01, 2020
Cade, the Brazilian antitrust watchdog, announced it would be reversing its decision to suspend the WhatsApp payment services partnership between Facebook and Brazilian card operator Cielo, Reuters reported. According to Cade, the decision was made because preliminary information from both Cielo and Facebook indicated that they would not infringe on peoples’ choices and wouldn’t limit […]
June 29, 2020
Facebook and Cielo are requesting that Cade, Brazil’s antitrust watchdog, overturn the suspension of WhatsApp‘s payment system rollout in the country, Reuters reported. The companies argued that their agreements are...
March 23, 2018
In Brazil, the antitrust watchdog, Cade, is looking into the credit card industry, with an eye on possible anticompetitive practices. The investigation comes, Reuters reports, after a complaint by Nubank,...
