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MercadoLibre planning to launch credit and debit card business in 2020

Monday 27 January 2020 | 11:33 CET | News
Latin American e-commerce giant MercadoLibre is set to launch a raft of new services to users of its app-based wallet this year as part of efforts to gain scale in the face of intensifying market competition, reports Reuters, citing vice-president Tulio Oliveira. "Our customer today has a more credit-taking profile and this is why we have been focusing more on credit solutions than investment ones in our digital wallet," said Oliveira.

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Categories: Internet
Companies: MercadoLibre
Countries: Latin America
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