In today’s top news, the Senate extended the PPP application deadline by five weeks, and an internal document reveals a small client base brought in over 50 percent of Wirecard’s sales. Plus, Brazil’s antitrust regulator said it will reverse its decision to suspend the WhatsApp-Cielo...
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...
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....
August 18, 2021
Brazilian payments processor Cielo SA denied Tuesday (Aug. 17) a local newspaper report that its board of directors was mulling going private, Yahoo Finance reported. Company leaders said they talked to controlling shareholders Banco do Brasil SA and Banco Bradesco SA about the Valor Economico report, and both companies had also denied it, according to […]
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...
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...
