Mercado Libre’s investments in free shipping, a Mercado Pago credit card, first-party selection and cross-border trade drove a 49% year-over-year increase in net revenue and financial income in the first quarter, the company said in a Thursday (May 7) earnings release. That increase brought the...
After four years, Mercado Libre is reportedly phasing out its in-house cryptocurrency offering Mercado Coin. That’s according to a report Tuesday (March 31) from Coindesk, citing a notification from the eCommerce company’s digital wallet. Beginning April 17, users won’t be able to buy, sell or...
Mercado Libre’s application of artificial intelligence across its online commerce ecosystem added revenue and enhanced efficiency in the fourth quarter, the company said Tuesday (Feb. 24). Mercado Libre Chief Financial Officer Martín de los Santos led off an earnings call by saying that the company...
Mercado Libre is reportedly investing more than ever before in coupons for this week’s Black Friday sale amid heightened competition in Latin America from other online retailers such as Amazon, Shein, Shopee and Temu. The Latin American firm’s investment in coupons amounts to nearly $19...
April 21, 2025
Sandy beaches and soccer aren’t Brazil’s only calling cards. The South American nation is far ahead of some more developed countries in mobile commerce, with shoppers routinely pulling out their smartphones to buy everything from groceries and clothing to electronics and beauty products. A forthcoming report from PYMNTS Intelligence, commissioned by Visa Acceptance Solutions, reveals […]
August 16, 2024
Most countries measure banking activity in terms of where and how it happens. Hence distinctions such as in-branch, ATMs, online and mobile. But in Latin America, for all intents and...
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%...
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...
August 06, 2026
A year after lowering the threshold for free shipping in Brazil, Mercado Libre has seen the offering drive “a structural change in behavior,” the eCommerce and FinTech company said in a Wednesday (Aug. 5) press release reporting its second-quarter earnings results. Since Mercado Libre made the change, daily active users have grown faster than monthly […]
May 07, 2026
Mercado Libre’s investments in free shipping, a Mercado Pago credit card, first-party selection and cross-border trade drove a 49% year-over-year increase in net revenue and financial income in the first...
March 31, 2026
After four years, Mercado Libre is reportedly phasing out its in-house cryptocurrency offering Mercado Coin. That’s according to a report Tuesday (March 31) from Coindesk, citing a notification from the...
February 24, 2026
Mercado Libre’s application of artificial intelligence across its online commerce ecosystem added revenue and enhanced efficiency in the fourth quarter, the company said Tuesday (Feb. 24). Mercado Libre Chief Financial...
