Mercado Pago Applies for Banking License in Mexico
MELIMercadoLibre(MELI) PYMNTS.com·2024-09-26 08:15

Mercado Pago, the FinTech arm of MercadoLibre, reportedly applied for a banking license in Mexico earlier this month.The firm sent the application to the Mexican regulator, the National Banking and Securities Commission (CNBV), Reuters reported Wednesday (Sept. 25).Mercado Pago is the second-largest digital wallet in Mexico, offering credit and debit cards, international transfers, interest on funds stored in the digital wallet, and personal and small business loans, according to the report.With a banking l ...