Uber, Didi Chuxing and other ride-hailing firms on Thursday criticized a host of...
MEXICO CITY - Uber, Didi Chuxing and other ride-hailing firms on Thursday criticized a host of new regulations of the sector in Mexico’s capital city, which include a ban on cash fares that could exclude many potential customers who lack bank accounts.
The regulations mark a setback for San Francisco-based Uber in one of its largest markets ahead of a planned initial public offering. The company has fought hard for the right to accept cash fares in Mexico, arguing that it is a critical tool to reach the millions of Mexicans who do not use credit or debit cards.
Mexico City’s transport ministry did not immediately respond to a request for comment. Minister Andres Lajous told a news conference that the rules were aimed at rooting out corruption and leveling the playing field for ride-hailing firms and taxi drivers.
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