The Argentinian government is reportedly planning on creating a credit card to be used at retailers who agree not to use competitors’ cards. The state-owned Banco de la Nacion Argentina will issue the cards that will charge only 1 percent commission; other banks charge retailers 3 percent. The plan is expectedly drawing criticism; president of the Confederation of Medicum Businesses Osvaldo Cornide has stated that he disagrees with the plan that requires retailers to accept only one type of card. He does, however, agree with a new competing card with lower fees that could pressure other banks to lower their fees as well. The news comes in the middle of price-freezes among supermarkets, who agreed to halt price changes between February 1 and April 1.
Full Content: Bloomberg
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Redfin Settles $9.2M Commission Inflation Lawsuits
May 7, 2024 by
CPI
DOJ Supports Colorado’s Efforts to Block Kroger-Albertsons Merger
May 7, 2024 by
CPI
Japan Considers Regulation of AI Developers
May 7, 2024 by
CPI
European Commission Extends Decision Deadline for Ita-Lufthansa Merger
May 7, 2024 by
CPI
UK, US and Australia Sanction Senior Leader of LockBit Cybercrime Gang
May 7, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Economics of Criminal Antitrust
Apr 19, 2024 by
CPI
Navigating Economic Expert Work in Criminal Antitrust Litigation
Apr 19, 2024 by
CPI
The Increased Importance of Economics in Cartel Cases
Apr 19, 2024 by
CPI
A Law and Economics Analysis of the Antitrust Treatment of Physician Collective Price Agreements
Apr 19, 2024 by
CPI
Information Exchange In Criminal Antitrust Cases: How Economic Testimony Can Tip The Scales
Apr 19, 2024 by
CPI