On 27 October 2022, the Investigating Authority of the Federal Economic Commission (COFECE) published a notice initiating an investigation into the marketing of services related to credit card transactions in the form of deferred payments with interest-free months (market under investigation) due to alleged absolute monopolistic practices (or cartel practices), in particular, price fixing and the exchange of commercially sensitive information.
It is important to mention that the investigation does not include cardholders, but only the economic agents that are participating in the market under investigation. That is, in order to carry out such transactions, there must be payment systems that allow it, physical stores with point-of-sale terminals, or virtual stores that offer the option of making purchases under this modality. Additionally, the investigation includes financial institutions that offer credit lines and associated cards, payment clearing, and settlement services, among others, all of which make interest-free purchases possible.
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