The Investor Relations website contains information about MercadoLibre, Inc.'s business for stockholders, potential investors, and financial analysts.
South American eCommerce firm Mercado Libre is boosting its investment in Brazil by 70% this year, planning to spend 17 billion reais ($3.44 billion).
Mercado Libre will hire 13,000 new jobs this year, bucking a lay-offs trend. Most of the new employees will be based in Mexico and Brazil.
The Latin American e-commerce giant will focus on SMEs in Brazil and Mexico, two of its main markets in the region.
Mercado Pago, the fintech arm of Latin America e-commerce giant Mercado Libre, reported a significant milestone in its fintech business.
Mercado Libre, a tech company and one of the largest digital commerce firms in Latin America, confirms the acquisition of Redelcom, a Chilean firm that has been operating since 2010 as a payment services provider and in October 2019 started providing point-of-sale (POS) terminals with
E-commerce giant Mercado Libre will invest $3.6 billion in Brazil, with its fintech unit as one of the major growth drivers in Latin America.
Mercado Libre booked $262 million in profits, up 113% year over year amid strong e-commerce tailwinds and a growing fintech business.
Mercado Libre booked $359 million in profits from $129 million a year ago, driven by strong e-commerce in Mexico and growing fintech products.
/PRNewswire/ -- In a new stage of its mission to democratize financial services in Latin America, Mercado Pago announced it will launch a servic