Mexico's Antitrust Commission (COFECE) has issued a hefty 19.9 million peso fine to Rappi and Banorte. The penalty stems from Banorte's unauthorized intervention in Rappi's credit card business decisions without prior approval from regulators.

Se les impuso una multa conjunta de 19.9 millones de pesos porque Banorte, sin autorización, tomó facultades para intervenir en decisiones sobre el negocio de tarjetas de crédito de Rappi