Mexico Regulators Slam the Brakes on Visa's Prosa Acquisition

Key Takeaways Visa's 51% Prosa acquisition rejected by Mexico's CNA over competition concerns.Combining Visa and Carnet would link it to two of Mexico's top issuers.Visa would have influence over two of four clearinghouses, alongside Mastercard and E-Global.Visa Inc.’s (V) attempt to secure a controlling stake in Mexican payment processor Prosa has hit a regulatory roadblock. Mexico’s National Antitrust Commission (CNA) rejected the proposed 51% acquisition, marking the first significant decision by the cou ...