Mercado Libre breaks records thanks to its fintech solution
With more than 30 million active buyers and around 23 sales per second, Mercado Libre is a clear example of success in the world of online sales.
With more than 30 million active buyers and around 23 sales per second, Mercado Libre is a clear example of success in the world of online sales. But what makes this platform the largest Marketplace in Latin America?
Since 2007, this brand has managed to make a difference as one of the most valued buying and selling channels in the region.
Mercado Pago drives Mercado Libre's revenue record in 2022
According to Latinometrics, Mercado Libre broke another record in 2022: it reported income of $2.6B. Its fintech solution, Mercado Pago, alone accounts for 45% of that total. The revenue volume of Mercado Pago has been higher than that of its ecommerce platform for some time.
Mercado Pago has made transactions easier for a large number of merchants. Plus, you can order one of their credit card terminals and start processing payments literally the same day. Due to its great performance and facilities, Mercado Pago has become one of the most robust fintech solutions in Latin America, attracting a wide spectrum of customers.
Accepting payments is only a small part of its solid offer, since it provides services such as investment accounts, transfers, or credit loans. So Mercado Pago is essentially a bank, and one of daunting proportions.
More than 38 million people use Mercado Pago quite regularly. In fact, if its users were a country, they would alone be the third largest adult population in the region.