finance.yahoo.com

Mercado Pago to Keep Expanding Credit Cards as Brazil Debt Concerns Rise

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Sig1.85Sen-1.25Env0.00Soc-0.75Gov+0.20

Mercado Pago says it is comfortable expanding its credit card business despite Brazil’s central bank raising concerns about rising household debt. The credit book is growing faster than the overall business, while the firm monitors credit quality and may adjust expansion pace based on portfolio conditions. Mercado Pago’s lending expansion is positioned as a key driver of MercadoLibre revenue.

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