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PayPal: Deepens partnership with MercadoLibre | Fintech InShorts: Latest fintech news, analysis by experts

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PayPal: Deepens partnership with MercadoLibre

By Technical Innovator

January 1, 2020

PayPa: Deepens LATAM Reach With Argentinian eCommerce company MercadoLibre partnership

PayPal is turning to Latin America to strengthen its position in the eCommerce payments and remittance arenas
The expansion of its partnership with MercadoLibre, as it positions itself to capture more of Latin America’s market share
PayPal revealed that Brazil- and Mexico-based users of Mercado Pago, will now be able to use PayPal for online checkout
PayPal will also offer Mercado Pago as a payment method at merchants accepting PayPal
PayPal’s 300m existing users will now have the opportunity to shop and also make payments at hundreds of thousands of new merchants
PayPal is also expanding Xoom to power remittances paid into Mercado Pago wallets

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