Overview
- The decision formally denies Visa’s plan to acquire a controlling stake in Prosa after a technical review found it would harm Mexico’s card‑payments system.
- Officials said the deal would eliminate a direct processing competitor because Visa already provides payment‑processing services.
- Regulators warned Prosa’s low‑cost Carnet card brand could be weakened, limiting affordable choices for users.
- Mitigation proposals from Visa and Prosa were judged inadequate, and the CNA said promised Prosa investments could be made without changing ownership.
- Prosa remains owned by banks including Banorte, Santander, Scotiabank, HSBC and Invex, and the ruling builds on earlier Cofece findings of limited competition in card payments.