Tagged: mercadolibre

MercadoLibre Appoints New Fintech Chief in Brazil to Boost Financial Product Offerings

MercadoLibre Inc., the powerhouse of e-commerce and payments in Latin America, has appointed Andre Chaves as the head of its fintech division, Mercado Pago, in the country, according to a Bloomberg report. Chaves, 41, steps into his new role with a rich background in corporate… Read More

LatAm Digital Commerce Firm MercadoLibre Reports Q2 2022 Financial Results

MercadoLibre, Inc. (Nasdaq: MELI), which claims to be Latin America’s leading e-commerce technology company, reported financial results “for the quarter ended June 30, 2022.” The company hosted an earnings video as well as a conference call and audio webcast “for any questions that investors may… Read More

Building the E-commerce Infrastructure for Small Businesses to Thrive in Latin America

The World Bank estimates there are up to 445 million micro, small- and medium-sized enterprises in the developing world. In Latin America, nearly 90% of all businesses fall into this category. However, many of these businesses operate informally due to a lack of market information… Read More

3 Biggest Fintech Trends Shaping Latin America

3 Fintech Trends to Watch in Latin America Latin America is one of the fastest-growing regions in the world for mobile usage. In fact, the region ranks third for smartphone adoption globally, behind North America and Europe In 2017, the percentage of the Latin American… Read More

PayPal Commits to Making $750 Million Strategic Investment in MercadoLibre

MercadoLibre, Inc. (NASDAQ: MELI), a Latin American e-commerce technology company, announced on Tuesday it intends to offer approximately $1 billion of common stock. The company reported it also intends to grant the underwriters a 30-day option to purchase up to $150 million of additional shares… Read More

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