Mercado Pago will enter the credit card business in Mexico

The Mercado Pago platform will launch its credit card. In this country in a new step in promoting the inclusive digital economy. This initiative adds to the financing and personal loans they provide to Mexicans without access to the traditional banking system. Credit solutions in the Mexican market Mercado Pago will enter the Mexican market with the help of the Visa company with a new credit card. With this bet, the platform owned by the e-commerce giant Mercado Libre. Offers a new solution for the daily lives of the citizens of this country.

This is stated by Pedro Rivas

General director of fintech in Mexico, who also indicated. That this initiative adds to the financing and personal loans provided by Mexicans without access to the traditional banking system. It should be noted that the credit card market in Mexico has grown again despite inflation and increases. In the reference rate by  According to data from the National Banking UK Phone Number Data and Securities Commission (CNBV), plastics in circulation reach almost 31 million. Regarding this launch, Adriana Ramírez, general director for Visa Mexico, highlighted that “this allows them to contribute to an inclusive digital economy that helps people prosper.

What uses and benefits will the Mercado Pago card have?

The Visa executive also indicated that the new card offers a secure, easy. Fast convenient and innovative form of payment for consumers. Likewise, she specified that Mercado Pago Visa has contactless payment technology, according to consumer China WhatsApp Number List preference for their daily purchases. Regarding its use, the new card can be used in any physical store in Mexico and also abroad. Likewise, it will allow online purchases and payments without restrictions. Among other benefits, it will offer six months without interest on all purchases made within Mercado Libre. Finally, the option to apply for the Mercado Pago Visa credit card will be progressively enabled within the app in the following months among millions of users.

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