MercadoLibre Sees Strong Growth in Mercado Pago Users, AUM and Credit
Mercado Pago reported quarterly growth: monthly active users rose 30% to 88 million, led by Brazil (+38%) and Mexico (+45%). Assets under management climbed 68% to $23.2 billion and AUM per user increased to $264. Its credit portfolio expanded 75% to $16.4 billion, alongside bullish market and earnings forecasts for MercadoLibre.