Posted inArgentina

Mercado Crédito puts 2 million loans on hold—but there is a catch

[wd_hustle id=”InArticleOptin” type=”embedded”/] Contxto – As humanity fights an invisible common enemy, society is starting to implement unprecedented initiatives to endure the virus’ side effects. Namely, economic troubles. Mercado Libre—Argentina’s e-commerce leviathan—is now kicking any users’ outstanding credit due dates down the line. All those consumer credits expiring in March will now be granted later […]

Posted inMexico

Mercado Libre to disperse US$420 million in Mexico, targets rival Amazon and fintechs

Contxto – In mid-February, e-commerce giant, Mercado Libre announced it would disperse R$4 billion (around US$920.5 million) in Brazil throughout 2020. Before the month was over it went on to announce its plans for Latin America’s second-largest market, Mexico, for which it anticipates dispersing US$420 million this year. That’s a 40 percent jump from the […]