Mercado Libre Reports Record Revenue in H1 2022

Mercado Libre broke another record this past quarter: it reported revenues of $2.6B. Mercado Libre's fintech branch — Mercado Pago represents 45% of that total. Months ago, we showed that the volume that Mercado Pago transacts is more than its E-commerce platform, which is the company's original business model and itself a giant in Latin America. Mercado Pago is also on track to bring more revenues.

Mercado Pago has made transacting through its fintech solution easier than no other, and secured its future growth in the process. You can order one of their credit card terminals and start processing payments literally on the same day. Mercado Pago will refund you what you paid for that terminal if you use it enough. Precisely that ease of use is what has made Mercado Pago one of the most robust fintech solutions in Latin America, appealing to a broad spectrum of customers.

Mercado Pago's products reach the vast untapped market of street vendors, for example. Accepting payments is just a small piece of their robust offering; by providing services like investment accounts, transfers, and credit loans, Mercado Pago is essentially a bank, and a massive one at that. More than 38M use Mercado Pago regularly. If Mercado Pago's users were a country, they would be Latin America's third-largest adult population.