Mercado Pago

Mercado Pago: Boosting digital payments

Mercado Pago is the largest Latin American fintech company operating in the region. Founded in 2003, it offers a comprehensive financial solutions ecosystem for companies, startups, or individuals who want to manage their money in a safe and simple way. The company currently has a presence in Argentina, Brazil, Chile, Colombia, Mexico, Peru, and Uruguay, processes more than 15 million transactions per day with an average value of US$10.6 million, and has achieved year-on-year growth of 138% on a constant currency basis.

Mercado Pago has been present in Chile since 2017, and is focused on promoting financial inclusion and digitalization and innovation in payment methods, primarily among SMEs and population segments with reduced access to the traditional banking system.

With the launch of its new prepaid card, through which users can make physical payments both in Chile and overseas, the company has completed its digital account offering and already has more than 1.5 million users in the country. In addition to this functionality, users can make payments through QR codes in thousands of physical stores, as well as paying bills online, topping up their public transport card from their phones, and transferring money for free to other Mercado Pago accounts or to any bank.