Brazilian food voucher incumbents lose court battle over open model

Brazil's ABBT, representing traditional food voucher firms, lost a legal challenge against newcomers Flash, Swile, Caju, and iFood Benefícios over the adoption of the open arrangement model before the regulatory deadline. The TJSP rejected the unfair competition claim, and ABBT did not appeal to the STJ. This clears legal uncertainty for the new entrants and accelerates competitive pressure in Brazil's worker meal voucher market.