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Mercado Pago, a fintech arm of Mercado Libre, an e-commerce giant, is a leading e-wallet in Brazil with over 50 million active users in 2023. It supports e-commerce payments, peer-to-peer transfers, and in-store QR payments, dominating online retail transactions.
Method
Mercado Pago
LPM Market Share
n/a
Payments
Yes
Refunds
Yes - full and partial refunds (automated)
Type
E-wallet
Local Card Scheme
Users
50M
Disbursements
No
No
Chargebacks
$25.00
$25.00
