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Competitive Conditions Analysis on the Credit Cards, Debit Cards and Electronic Means of Payment

The Argentinian National Commission for the Defense of Competition (CNDC), Resolution, 2016

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Competitive Conditions Analysis on the Credit Cards, Debit Cards and Electronic means of Payment
Detailed Summary
1. Legal Framework
1. In Argentina, the Payment Cards Market is regulated by Act 25,065, modified by Act 26,010 in 2005, known as the “Credit Cards Act” (hereinafter the “LTC” for its Spanish acronym). The LTC establishes that the Central Bank of the Argentine Republic (BCRA for its Spanish acronym) and the Secretary of Commerce shall act as enforcement authorities under said legislation...