
The leading commerce and fintech ecosystem in Latin America
Our Ecosystem is Our Strength
Our Growth Story
Our Long Term View in 5 Charts
We see a huge runway for growth as Mercado Libre leads the shift of offline retail online by delivering an ever-improving value proposition. Ecommerce penetration is currently a mid-teens percentage of total retail in Latin America, lagging the USA by almost a decade. Third-party forecasts point to the market growing by 54% from $151bn in 2023 to $232bn by 2028.
Our huge audience and rich first-party data mean we are uniquely placed to capitalize on structural changes taking place in the advertising industry. We are the leading platform in Latin America's Retail Media market, which is projected to grow 3x to $5bn by 2028. At this point, penetration over total digital advertising would still only be mid-teens vs. the US at 18% currently (2023). (source: eMarketer)

Financial inclusion in Mexico is more than a decade behind Brazil, with just half of the population having a bank account and less than a fifth having a credit card. In Brazil, there is still more disruption to take place, with four incumbent banks accounting for 59% of credit operations and approximately $200bn parked in low-yielding "poupança" accounts. In Argentina, the loans-to-GDP ratio is less than 10% vs. more than 50% in Brazil. Mercado Pago is well placed to disrupt this scenario as the no.1 fintech in terms of MAUs in Mexico, Argentina and Chile and no.2 in Brazil.

Mercado Pago is the largest fintech acquirer in Latin America by TPV. Our market share is low, and we see huge opportunities to attract and retain new merchants. We are well-positioned to differentiate our payments processing services by leveraging our ecosystem to offer loans and software solutions that help merchants manage their businesses. (source: Worldpay)

The secular growth trends that we are exploring present us with huge opportunities that are bigger than short-term macro and FX volatility. Over the last five years, investors in Mercado Libre have achieved a total shareholder return similar to the Magnificent 7. We encourage investors to focus on the long-term opportunities, not the short-term macro backdrop. (source: Bloomberg)

Our In-App Experience

The best buying experience in Latin America
Our marketplace offers a seamless experience, from search to checkout and shipping. Our UX is developed vertical-by-vertical to drive conversion.
Market share in each of the main markets in Latin America
Unique Buyers LTM
Items per buyer quarterly
Delivered in 48 hours

One of the largest audiences in Latin America
Advertisers can target highly specific audiences by leveraging our first-party data.
sales after adopting Product Ads
more conversion for users impacted by full funnel strategy

Our delivery speeds are unmatched in LatAm
Our network is built on technology and our investments have created a clear competitive advantage
items Shipped LTM
Delivered in 48 hours
Fulfillment penetration
of packages delivered via our own network

The largest Fintech acquirer in LatAm
We offer a range of easy-to-use products, including POS devices, QR codes and online payments, that help SMEs to digitize their businesses.
Acquiring TPV LTM
Monthly active sellers
transactions processed LTM

A full suite of day-to-day financial services
Our easy-to-use UX offers users access to products that meet all of their day-to-day needs, such as payments, credit, insurance, savings, investments and crypto
Monthly active users
Credit book
Merchants with credits
Management Podcast

MELI's Culture with Marcos Galperin
Listen on Spotify
Strategy with Leandro Cuccioli
Listen on Spotify
Advertising with Sean Summers
Listen on SpotifyMELI is at the Center of Users’ Lives

Merchant Off-platform
MELI offers offline and online merchants a full stack of products for payment processing, reducing the levels of informality and introducing innovative tools for control, planning and sales growth.
using Mercado Pago as a payment tool
experience a drop in the use of cash after incorporating digital payment methods.

Fintech Services
MELI enables access to digital payment methods and new financial services with Mercado Pago, serving as a one-stop-shop for all financial needs of our users.
Million monthly active users
of users in the region, Mercado Pago was the first digital payment method available to them

Credit
MELI offers credit solutions for merchants and sellers, enabling purchases, access to credit card and working capital loans
of SMEs received their first ever credit offer through MELI
of the financing for sellers was used to by inventory, and 18% to maintain business liquidity

Insuretech
MELI offers life and personal accidents insurance, which also gives users access to online doctor appointments. Bank account insurance is also offered.
million active policies

Marketplace Seller
MELI enables sellers from all sizes to reach a wide audience of buyers, with an accessible tool for expanding their businesses
families in the region with MELI as their main source of income
thousand SMEs selling in MercadoLibre

Advertisers
MELI offers a full funnel advertising solution for brands and sellers of all sizes, enabling them to reach a qualified audience based on unparalleled first party data
sales after adopting Product Ads
more conversion for users impacted by full funnel strategy

Logistics
MELI delivers 80% of packages in 48 hours through our proprietary network, built specifically for the needs our users and sellers through intensive investments in technology
packages delivered yearly
new direct and indirect jobs generated everyday

Buyer
MELI has been central to the shift from offline to online commerce in the region by enabling users to access a world class shopping experience
buyers
Buyers 3 more categories
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