MEXICO CITY - Vocal protests by restaurateurs have led Mexican commercial banks to reduce the fees they charge restaurants for processing credit card payments.

"After three months of negotiations, the representatives of the banks accepted our petitions," said Antonio Alvarez Caballero, president of the National Restaurant Industry Chamber.

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.