Visa Inc. (V) disclosed in a regulatory filing that On October 15, 2018, the Brazilian Administrative Council for Economic Defense or "CADE" initiated an investigation against Visa, Mastercard, American Express and Elo seeking information regarding potential competition law violations with respect to network rules that require acquirers to receive certain information from payment facilitators.
Visa said it is cooperating with CADE.
Brazil's payments industry has swelled in recent years, with more than 30 processors attending a meeting with the country's central bank to handle and settle payments.
For comments and feedback contact: editorial@rttnews.com
Business News
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.