Sumary of Mercado Pago obtains the license to function as a Financial Technology Institution in Mexico:
- Mercado Pago obtains the license to function as a Financial Technology Institution in Mexico
- Mercado Libre is growing by leaps and bounds in Mexican territory, this time hand in hand with its financial and technological unit, Mercado Pago, which has obtained the IFPE license to operate as a Financial Technology Institution (FTI); With this, the company will be able to expand its services and benefits in Mexico
- According to Mercado Libre’s fintech arm, obtaining the IFPE license will allow more merchants and small businesses to use the company’s tools simultaneously, boost their businesses and access innovative financial alternatives that the traditional system does not provide.
- It is worth noting that the executive assumed leadership of Mercado Pago in Mexican territory just last April.