Rappi to discontinue RappiCuenta offering in Mexico next month

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Laura M
Laura is a financial reporter, editor, and researcher with a particular interest in fintech innovation, capital markets, and the evolving global banking landscape.
  • Rappi, a Latin American tech firm, is discontinuing its virtual savings account service, RappiCuenta, in Mexico.
  • Customers in Mexico received an email notifying them of the permanent closure on February 11, 2024, and were instructed to withdraw all funds by that date.
  • Rappi emphasizes the decision to cease RappiCuenta in Mexico is to focus on innovation and providing better products.
  • Despite the discontinuation of RappiCuenta, Rappi’s credit card service, RappiCard, will continue to operate in Mexico without changes.
  • Rappi currently has a presence in nine countries in Latin America and Spain, offering a variety of services to over 30 million monthly active users.
  • There are no reported plans to discontinue RappiCuenta in other countries at the moment.
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