US EditionLooking At MercadoLibre's Recent Unusual Options Activity - MercadoLibre (NASDAQ:MELI)
- On May 28, 2025, Mercado Pago, the financial branch of Mercado Libre, revealed its intention to seek authorization from Argentina's central bank to operate as a bank, aiming to broaden its range of digital financial services.
- This initiative follows Mercado Pago's successful strategy in Brazil and Mexico, where it obtained licenses to add financial products like savings accounts and credit.
- Mercado Pago reported 64 million active users each month throughout Latin America, representing a 31% increase year over year, and facilitated 11.3 billion transactions during 2024.
- Juan Martín de la Serna stated that their goal is to create Latin America’s biggest digital banking platform to enhance financial access in a region where many still struggle to obtain quality services.
- This banking licence application could further accelerate Mercado Pago’s digital offerings and support economic development for individuals and SMEs in Argentina.
21 Articles
21 Articles
MercadoLibre announces that it will apply for a license to operate as a digital bank in Argentina to expand its offer of services.
Infobae had advanced the decision last year. Although the company registered “Bank Market”, it will retain the name of its fintech, Mercado Pago
The Free Market company will seek to provide the services currently provided by these entities in Argentina
In the last year, the total amount of loans to companies and individuals increased by 70.6 per cent in pesos and 219.4 per cent in foreign currency, according to a recent publication by the Central Bank of the Argentine Republic (BCRA). However, access to credit remains a challenge: in a country of 46 million inhabitants, 55 per cent of adults acceded to this instrument during 2025 through financial institutions, representing a drop of three per…
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