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Automated payment firm Veloe, two banks targeted in Brazil antitrust probe into automatic vehicle identification

By Ana Paula Candil ( January 21, 2022, 21:40 GMT | Insight) -- Automated payment firm Veloe, as well as banks Bradesco and Banco do Brasil, face a preliminary Brazilian  investigation into their alleged anticompetitive practices in the market for payment by automatic vehicle identification, including tie-in sales and margin squeeze to leverage their business. The Administrative Council for Economic Defense, or CADE, began investigating the case following a complaint filed in March 2020 by rival Sem Parar. Automated payment firm Veloe, as well as banks Bradesco and Banco do Brasil, face a preliminary Brazilian investigation into their alleged anticompetitive practices in the market for payment by automatic vehicle identification, including tie-in sales and margin squeeze to leverage their business. ...

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