Mercado Pago (payments and wallet)
Total payment volume reached $101 billion in Q2 2026, up 56%.
The numbers
What it is
The digital wallet and payment network used by buyers and sellers on the marketplace and across the web and in stores. It handles checkout, peer-to-peer transfers, QR payments, bill payments and account balances.
Why it matters to the stock. Payment volume is the clearest measure of how much activity the Fintech segment processes. Fees on that volume and the balances users hold drive segment revenue and fund the credit book.
News
Mercado Pago adds Dinero Blindado to hide balances when a phone leaves trusted places
Mercado Pago launched Dinero Blindado, a security feature that hides balances in peso and dollar reserves and investments and can disable dollar transfers and currency trades when the device leaves trusted places such as home or the office.
Central bank removes the R$500 cap on contactless Pix payments
From October 1, 2026 the Banco Central no longer applies a fixed R$500 per-transaction limit to contactless Pix payments, under Instrução Normativa BCB nº 746.
Mercado Pago launches Mago, an AI assistant that pays bills and makes transfers
Mercado Pago announced Mago on August 13, 2026 as a new generation of the AI financial assistant it first launched in October 2025.
MercadoLibre Q2 2026: revenue up 50% to $10.17 billion, but operating margin falls to 6.7%
MercadoLibre reported second-quarter 2026 results on August 5.
MercadoLibre Q1 2026 revenue up 49% to $8.8 billion, but net income falls 16% on credit-card provisions
MercadoLibre reported first-quarter 2026 revenue of $8.85 billion, up 49%, above the roughly $8.3 billion analysts expected.
MercadoLibre Q4 2025 revenue rises 45% to $8.8 billion; operating margin squeezed by investment
MercadoLibre reported fourth-quarter 2025 revenue of $8.76 billion, up 45%, with diluted EPS of $11.03 against $12.61 a year earlier.