Question · Q3 2025
Carl Prado asked about the pace of growth for acquiring TPV in MercadoLibre's payment business, specifically in Brazil, noting the industry's slower growth versus MercadoLibre's significant market share gains, and inquired about the drivers and sustainability of this trend.
Answer
MercadoLibre President of FinTech Osvaldo Gimenez confirmed that Mercado Pago is accelerating and growing faster than the market in Brazil, attributing this to a strategic shift in its in-store POS go-to-market strategy (less reliance on third parties, more direct salesforce and direct-to-consumer channels). He noted similar acceleration in online payments, particularly credit card acquiring, and a focus on credit cards after being more selective with Pix acquiring due to thin margins. He added that Mercado Pago has gained share across all top markets, including Brazil, Mexico, Argentina, and Chile.