Breaking News
0
Ad-Free Version. Upgrade your Investing.com experience. Save up to 40% More details

Delivery apps in Mexico make temporary cut to fees as restaurants struggle

Stock MarketsJan 22, 2021 07:15PM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
2/2 © Reuters. FILE PHOTO: Outbreak of the coronavirus disease (COVID-19), in Mexico City 2/2

MEXICO CITY (Reuters) - Delivery apps Uber (NYSE:UBER) Eats and Rappi have temporarily reduced their fees for restaurants in Mexico, the companies said on Friday, under pressure from industry groups to lessen the burden for eateries hammered by tighter coronavirus restrictions.

Mexico's populous capital and several states are in partial lockdowns as authorities grapple with a surge of coronavirus infections that have strained hospitals. Mexico ranks fourth worldwide for most confirmed deaths.

In Mexico City and elsewhere, eateries without outdoor seating have been restricted to take-out only, which restaurant association CANIRAC warned could be a death knell for businesses that depend on delivery apps.

"Keeping the same commissions that applied before the pandemic has become unsustainable for thousands of restaurants," the group said in a statement this week, adding that the apps typically charge around 30% commission.

In areas with the strictest health measures, Rappi said it would cut its commission to 16.5% in February, while Uber Eats said it would reduce its to 17%. Both will charge 19% in March, and 22% in April.

Didi Food, another app that delivers restaurant meals, said earlier this week it would offer a reduced commission of 22%.

Since the coronavirus crisis began, 13,500 restaurants in Mexico City and the surrounding urban zone have closed, representing at least 80,000 job losses, according to CANIRAC.

 

Delivery apps in Mexico make temporary cut to fees as restaurants struggle
 

Related Articles

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:  

  •            Enrich the conversation, don’t trash it.

  •           Stay focused and on track. Only post material that’s relevant to the topic being discussed. 

  •           Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.

  • Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
  • NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
  • Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
  • Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Continue with Google
or
Sign up with Email