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Facebook-Cielo agreement for WhatsApp digital payments suspended for failure to notify, 'apparent' competition risk, CADE head says

By Ana Paula Candil and Flavia Fortes ( June 26, 2020, 19:24 GMT | Insight) -- Facebook's agreement with Cielo for WhatsApp digital payments in Brazil has been suspended by the national competition authority not only because it's being implemented before it was notified to the agency, but also because it involves two dominant companies with an “apparent” exclusive relationship between them that can raise anticompetitive concerns, agency President Alexandre Barreto told MLex. Facebook's agreement with Cielo for WhatsApp digital payments in Brazil has been suspended by the national competition authority not only because it's being implemented before it was notified to the agency, but also because it involves two dominant companies with an “apparent” exclusive relationship between them that can raise anticompetitive concerns, agency President Alexandre Barreto told MLex....

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