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MercadoLibre, Inc., through its subsidiaries, hosts online commerce and payments platforms in Latin America. Its services are designed to provide its users with mechanisms to buy, sell, pay for, and collect on e-commerce transactions. The company principally offers MercadoLibre marketplace, an automated online commerce service, located at mercadolibre.com, which permits businesses and individuals to list items and conduct their sales and purchases online in a fixed-price or auction-based format.
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Mercado Libre to disperse US$27.1 million for new distribution hub in Mexico
Contxto – Latin America’s biggest marketplace continues to lay down its logistics infrastructure. It was recently unveiled that Mercado Libre plans to disperse US$27.1 million for a new warehouse and distribution center in the state of Jalisco, Mexico. The project will lead to creating 3,500 direct jobs at a time where unemployment is rising. It […]
Argentine banks unite to give Mercado Pago and fintechs a run for their money
Contxto – It’s no secret that marketplace giant Mercado Libre has been busy scaling its logistics operations and partaking in a large share of Latin America’s e-commerce. In the process, its fintech arm, Mercado Pago, has also been growing. Thus, multiple traditional banks have noticed and are taking cards in the matter. They’ve recently come […]
Mercado Pago launches POS terminal, Point Plus for SMEs
Contxto – It was only a matter of time before Latin America’s biggest e-commerce marketplace updated its POS credit card machine. Last Tuesday (14), Mercado Libre’s fintech arm, Mercado Pago, presented “Point Plus” a payment terminal for businesses. This device has all the features you’d find on a typical terminal: Receipt printing and a reader […]
Picap is taking logistics in Latam to the next level with latest development
Contxto – Thanks to the coronavirus pandemic, ride-hailing platforms like Uber and Didi are practically at a standstill. Meanwhile, last-mile delivery and logistics enterprises are busier than ever. And in Colombia, Picap—a startup that initially launched as a motorcycle-taxi service—is rolling out a solution to make the most of these extraordinary circumstances. For over the […]
Warren snags Series B for US$22.5 million with QED Investors
Contxto – Investing shouldn’t just be for the Gordon Geckos of the world. A number of startups are emerging to make asset management simpler, transparent, and more accessible. But for that, they do need other investors’ help. A prime example is Brazilian brokerage platform Warren. Today (10), the fintech announced it closed R$120 million (~US$22.5 […]
Scoop: LAIKA raises US$5 million to scale e-commerce platform for pets
Contxto – Colombian startup LAIKA is like a dog with two tails right now. Its platform for pet products and services has been growing in recent months and it’s drawn the necessary investment to keep up its momentum. LAIKA Co-Founder and CEO Camilo Sánchez recently told Contxto in an exclusive interview that the startup had […]
Mercado Libre aims to launch credit card in Chile
Contxto – E-commerce giant Mercado Libre is making headway in its fintech plans for Chile. Authorities, through the Financial Market Commission (CMF), recently approved its financial services arm, Mercado Pago, to continue with the revision process to acquire a special license. Should it acquire this official document, Mercado Pago can launch multiple new products in […]
Alibaba launches ambitious e-commerce initiative in Mexico
Contxto – Tech giants everywhere want a larger stake in the e-commerce market of Latam. eBay launched a program in Mexico to guide small and medium-sized enterprises (SMEs) and their products into the digital realm. Facebook released its “Shops” service and payment processor. Argentine Mercado Libre is increasing its ops and opening tech hubs. And […]
Segundamano Review: As easy to use as they say?
Contxto – Segundamano is a Mexican online platform for selling and buying new or second-hand products through classified ads. It is also available as an app for both Android and iOS users. It aims to make it easier for both buyer and seller to communicate and do a successful exchange of goods. Segundamano even offers […]
WhatsApp payments in Brazil may not be as disruptive as you think
Contxto – Just over a week ago, news broke that users in Brazil would be able to complete payments via WhatsApp. Of course, the true mastermind behind this arrangement was Facebook, the owner of the messaging app. But now that the initial excitement has died down, it’s easier to see that not everything that glitters is […]