MercadoLibre Joins Discussions to Apply for Mexican Banking License
MELIMercadoLibre(MELI) pymnts.com·2024-05-21 23:56

MercadoLibre is reportedly in talks to get a banking license in Mexico. The Latin American eCommerce/FinTech is in discussions with Mexico’s central bank, finance ministry and banking regulators to apply for a license, Osvaldo Gimenez, president of Mercado Pago, the company’s FinTech operation, told Bloomberg News Tuesday (May 21). “The opportunity is phenomenal. We see in Mexico what happened in Brazil over the last decade, where there was a huge increase in access to banking, electronic payments and credi ...