Mercado Libre CFO Talks E-commerce Markets, Fintech Services, Crypto, Outlook (Yahoo! Finance)

NOTE: Online retailer Mercado Libre (NASDAQ: MELI) services 18 countries across Latin America and has recently expanded into banking services and cryptocurrency.

  • So Mexico has been extremely strong for quite some time now, very competitive market. We continue to be market leaders. Brazil is still the largest market. It represents around 60% of our business, still growing quite nicely. And then a lot of opportunity in the Andean markets, so Colombia, Chile, Peru. We entered those markets somewhat later and could potentially be big drivers of growth when we look at the next 5 to 10 years. READ MORE

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