MEXICO CITY -- Mexico's restaurant industry has backed down from a threatened boycott of bank credit cards.

The National Chamber of the Restaurant Industry, known by its Spanish acronym Canirac, called off the protest against credit card fees after the country's largest bank said it would sever all ties with participating restaurants.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.