Cofece investigates illegal exclusivity of payment service providers

Cofece investigates illegal exclusivity of payment service providers

Mexico City. Given the possible existence of illegal exclusivity, the Federal Economic Competition Commission (Cofece) has launched an investigation against companies that provide payment, deposit and cash withdrawal services in stores, which affects the population that carries out any transaction. The regulator, as usual, did not reveal which firms were involved, but they are the … Read more

Internet access is necessary for Sofipos to reach more people: Cofece

Internet access is necessary for Sofipos to reach more people: Cofece

Jiutepec, Mor., The willingness of Popular Financial Companies (Sofipos) to digitize credit and savings services must be accompanied by infrastructure so that the Internet reaches the communities that these entities traditionally serve, which are the most backward in the country, stated the Federal Economic Competition Commission (Cofece). Participating in the second day of activities of … Read more

Cofece calls for dialogue with Congress before approving its disappearance

Cofece calls for dialogue with Congress before approving its disappearance

Mexico City. The Federal Economic Competition Commission (Cofece) requested that before the Congress of the Union discusses the opinion approved by deputies of the Constitutional Affairs Commission, there be a discussion on the importance of the entity, which underlined the benefits it has provided since its creation. After the Commission in the lower house approved … Read more

Coparmex expresses concern over extinction of autonomous organizations

Coparmex expresses concern over extinction of autonomous organizations

Mexico City. The Employers’ Confederation of the Mexican Republic (Coparmex) expressed its “deep concern” regarding the approval of the ruling that extinguishes seven autonomous organizations by the Constitutional Affairs Committee of the Chamber of Deputies. The private sector organization headed by José Medina Mora indicated that the “measure, justified under the argument of austerity, seriously … Read more

Cofece investigates collusion in the production of fragrances

Cofece investigates collusion in the production of fragrances

Mexico City. The Federal Economic Competition Commission (Cofece) has launched an investigation to determine the existence of illegal agreements between competitors in the market for the manufacture, distribution, marketing and acquisition of fragrances and fragrance ingredients in the national territory. In a statement, the antitrust agency explained that these are used to give scent to … Read more