MercadoLibre's fintech arm applies for banking license in Mexico

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MEXICO CITY : Latin American e-commerce giant MercadoLibre's fintech arm, Mercado Pago, has submitted its request for a banking license to the Mexican regulator, the unit said on Wednesday.

FILE PHOTO: Employees of e-commerce MercadoLibre work at the company's offices in Buenos Aires, Argentina September 6, 2024.

It currently offers credit and debit cards, international transfers, interest on funds stored in its digital wallet as well as personal and small-business loans.

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Article Details

Category: EconomyBusiness

Markets: SingaporeArgentinaMexico

Topics: Statement 2024 Mercado Continue E-commerce Banking Mercadolibre Digital Mexico License Pago

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-26 @ 01:01:19 (1 days ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 229 words

Reading Time: 2 minutes read

Sentences: 11 lines

Sentence Length: 21 words per sentence (average)

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Copyright Owner: © Channel News Asia

News ID: 22709770

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