Latin American eCommerce and payments firm Mercado Libre is reportedly set to invest a record $2.5 billion in Mexico this year, up from the $1.6 billion spent in 2023. The investment will be distributed across various business areas, including warehouse expansion, logistics network enhancement, loan...
Mercado Libre, an eCommerce and payments platform in Latin America, appointed Andre Chaves as the new head of its FinTech business in Brazil. “Very humbled and excited to be taking a new role in Mercado Libre, leading our FinTech business in Brazil,” Chaves said in a Friday...
As consumers seek out simple, intuitive online shopping experiences, Mercado Libre is seeing its artificial intelligence (AI) efforts to improve the user journey pay off. The Latin American eCommerce platform shared in its fourth quarter 2023 financial results, reported Thursday (Feb. 22) that, throughout the fiscal year,...
Mexico’s antitrust regulator Cofece has reportedly recommended that the government order Amazon and Mercado Libre to take “corrective measures” to ensure competition in the eCommerce market. These measures would include giving service providers greater transparency and separating streaming services from marketplace membership, and doing so within six months, Reuters reported Tuesday (Feb....
November 29, 2022
Digital payments are growing fast in Latin America, threatening to overtake cash as the preferred transaction method. One study revealed that mobile bank accounts in Latin America increased by 67% in 2020, and QR code payments are also quickly gaining ground. Brazil’s Pix system, operated by the country’s central bank, attracted 60% of the country’s […]
February 28, 2022
Call it the great stock market rebound of 2022: U.S. stocks rallied from record lows last week after investors looked past Russia’s attack on Ukraine. PYMNTS’ CE100TM Index climbed 2.8% last...
March 15, 2024
Latin American eCommerce and payments firm Mercado Libre is reportedly set to invest a record $2.5 billion in Mexico this year, up from the $1.6 billion spent in 2023. The investment will be distributed across various business areas, including warehouse expansion, logistics network enhancement, loan increases, salary payments, and marketing and technology investments, Bloomberg reported […]
March 01, 2024
Mercado Libre, an eCommerce and payments platform in Latin America, appointed Andre Chaves as the new head of its FinTech business in Brazil. “Very humbled and excited to be taking a new...
February 13, 2024
Mexico’s antitrust regulator Cofece has reportedly recommended that the government order Amazon and Mercado Libre to take “corrective measures” to ensure competition in the eCommerce market. These measures would include giving service providers greater transparency and...
November 01, 2023
Latin American eCommerce platform Mercado Libre reported third-quarter earnings that surpassed expectations and showcased its success in the region. The company’s income from operations reached a record high of $685 million...
