Pluxee acknolwedges the Brazilian government’s communication on the Workers’ Food Program (PAT)

Core Viewpoint - The Brazilian government's recent changes to the Workers' Food Program (PAT) could jeopardize its long-term sustainability and may lead to increased risks of misuse and non-compliance [2][4]. Group 1: Government Measures - The new measures regarding the merchant discount rate (MDR), reimbursement deadlines, and voucher processing are set to take effect in 90 days [2]. - These measures diverge significantly from prior discussions between the industry association (ABBT) and the government [2]. Group 2: Company Concerns - The changes interfere with private commercial relations and limit issuers' ability to innovate and compete [4]. - The company is considering legal action against the implementation of these measures, both independently and in collaboration with ABBT [4]. Group 3: Historical Context - Since the creation of the PAT over 40 years ago, the company has played a significant role in its expansion by providing innovative solutions and value to various stakeholders [3]. Group 4: Future Actions - Following the publication of the decree, the company will conduct a thorough assessment of the potential financial implications and develop a mitigation plan [4].