Opportunities for Latin American financial services companies is skyrocketing as the continent is experiencing a renaissance in the world of e-commerce and online payment systems. MercadoLibre -- an online marketplace with headquarters in Buenos Aires, is at the helm of this revolution as it strives to "keep pace with other global mobile payment leaders such as Alipay, WeChat Pay, [...] Square," and so on.
MercadoLibre boasts a mobile-centric financial services platform that is dubbed MercadoPago. The feature allows consumers to "process payments and obtain credit" in an efficient and convenience-focused manner. Moreover, the company is always attempting to disrupt and, as per an article from Crowdfund Insider, MercadoLibre is "testing its QR code payments technology in Brazil."
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