Embedded-finance provider tracked in the Embedded Finance Index — disclosed by 5 companies across 3 categories.
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Founded 2003 as the payments arm of MercadoLibre — Latin America's dominant marketplace. Evolved from PSP into a full digital bank: launched Mercado Crédito for SMB/consumer lending in 2020, layered on debit/credit cards, insurance, investments (Cofrinhos yielding up to 120% CDI), and POS hardware (Point maquininhas). Currently pursuing full bank charters in Mexico (CNBV) and Argentina (BCRA), positioning to become the largest digital bank in Latin America — graduating from regulated payment institution status into a chartered bank across multiple jurisdictions.
Other PSP providers in the index, by the number of companies that disclose them. A count of public disclosures, not a ranking of the products.
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<img src="https://www.embeddedfinanceindex.com/api/badge/mercado-pago/install" width="1" height="1" alt="" style="display:none">5 companies disclose Mercado Pago in their stack in the Embedded Finance Index 2026, including Treli, Mercado Pago Chile, Mercado Libre, Siigo and Jelou.
Mercado Pago is an embedded-finance provider in PSP, BaaS and Card Issuing. It ranks #76 of 538 PSP providers by disclosed buyers.
The most-disclosed PSP alternatives to Mercado Pago are Stripe (783 buyers), Adyen (278 buyers), PayPal (153 buyers), Checkout.com (113 buyers), Worldpay (89 buyers) and Mollie (64 buyers).
Mercado Pago was founded by Marcos Galperin (parent: MercadoLibre) and is founded in 2003, headquartered in Osasco, São Paulo, Brazil (parent MercadoLibre HQ: Montevideo, Uruguay).
Mercado Pago has raised n/a (subsidiary of public co. MELI) in total.
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