Reported about 2 months ago
MercadoLibre has filed a complaint with Argentine regulators against MODO, a digital wallet backed by local banks, accusing it of monopolistic practices that harm competition in the fintech sector. Tensions have escalated as Mercado Pago, MercadoLibre's fintech arm, has established a strong presence in mobile payments, leading to claims from both sides of abusive practices. The complaint seeks to ensure fair competition and better financial tools in Argentina.
Source: YAHOO