Banks in Argentina are reportedly accusing eCommerce giant MercadoLibre’s payments platform of anti-competitive practices. MODO, a digital wallet backed by dozens of Argentine lenders, claims that the company forces shoppers to fulfill online purchases using its payment platform, Mercado Pago, Bloomberg News reported Monday (May 6), citing a complaint filed...
Saying that its “ecosystem is our competitive strength,” Latin American payments and eCommerce powerhouse Mercado Libre reported strong Q1 revenue growth in all areas of its multifaceted business Thursday (May 2). The results were driven in part by investments made during Q1 in Mexico and Brazil. ...
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...
Western Union and Mercado Pago are extending their relationship and widening a cross-border payments channel between the United States, Canada and Mexico. U.S. and Canadian customers can now send money from Western Union’s mobile app, its website, or from one of its retail locations to...
April 20, 2021
Take a short trip back in time, back to the dawn of the Internet era in the late ’90s. Argentina was not a country known for payments innovation. Cash was king. Competition for its throne was minimal. Banks dominated the segment and there was no room for any FinTechs to bring digital wallets, peer-to-peer payments […]
October 14, 2019
After the mass exodus on Friday (Oct. 11) from the Libra project, the cryptocurrency’s remaining 22 corporate backers are gathering in Geneva, Switzerland to throw their weight behind the new...
February 14, 2018
Cash plays an outsized role in Mexico’s economy. Whether it’s a convenience store, a restaurant or an online marketplace, when it comes to running a business in Mexico, accepting...
May 21, 2024
MercadoLibre is reportedly in talks to get a banking license in Mexico. The Latin American eCommerce/FinTech is in discussions with Mexico’s central bank, finance ministry and banking regulators to apply for a license, Osvaldo Gimenez, president of Mercado Pago, the company’s FinTech operation, told Bloomberg News Tuesday (May 21). “The opportunity is phenomenal. We see in Mexico what happened in […]
May 07, 2024
Banks in Argentina are reportedly accusing eCommerce giant MercadoLibre’s payments platform of anti-competitive practices. MODO, a digital wallet backed by dozens of Argentine lenders, claims that the company forces shoppers to fulfill online purchases...
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 21, 2024
Western Union and Mercado Pago are extending their relationship and widening a cross-border payments channel between the United States, Canada and Mexico. U.S. and Canadian customers can now send money...
