Latest news with #MercadoPago
Yahoo
6 days ago
- Business
- Yahoo
MercadoLibre (MELI) Teams with Oxxo to Expand Financial Access Across Mexico
MercadoLibre, Inc. (NASDAQ:MELI) is one of the Best Non-Mega Cap NASDAQ Stocks to Buy Right Now. Oxxo, Mexico's largest convenience store chain, has announced a new partnership with MercadoLibre, Inc. (NASDAQ:MELI)'s fintech platform Mercado Pago that will allow users of the digital wallet to withdraw cash directly from any of Oxxo's more than 22,000 stores across the country. The service, now available, offers a practical solution for customers who prefer or require physical cash, especially in areas where ATM access is limited or traditional banking infrastructure is scarce. A customer using their phone to access an online commerce platform. The agreement marks a significant step toward expanding financial access for millions of Mexicans. Oxxo's widespread presence gives Mercado Pago users a convenient and secure way to access their funds without relying on bank branches. The integration is designed to be seamless, with transactions processed through Oxxo's existing point-of-sale systems. Executives from both companies emphasized the broader impact of the collaboration. For Oxxo, the move aligns with its strategy to become a one-stop hub for essential financial services, complementing existing offerings such as bill payments and remittances. For Mercado Pago, the deal strengthens user engagement by adding tangible value to its digital ecosystem. The initiative comes as part of a broader trend in Latin America, where fintech firms are increasingly partnering with retail networks to bridge gaps in financial inclusion. Analysts say the partnership is likely to drive foot traffic to Oxxo stores while enhancing Mercado Pago's competitive position in the region's fast-evolving digital payments landscape. While we acknowledge the potential of MELI as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: Top 10 Healthcare AI Stocks to Buy According to Hedge Funds and 10 Consumer Defensive Stocks to Buy Now. Disclosure: None. This article is originally published at Insider Monkey.
Yahoo
10-07-2025
- Business
- Yahoo
MercadoLibre (MELI) Reports Net Revenue Growth from Mercado Pago in Q1 2025
MercadoLibre, Inc. (NASDAQ:MELI) is one of the In the broader fintech sector, the company's Mercado Pago has emerged as a critical driver of growth. Its credit business has demonstrated strong expansion, primarily in Argentina and Brazil. MercadoLibre, Inc. (NASDAQ:MELI) saw net revenue from Mercado Pago in Q1 2025 grow by 43% in dollars YoY, touching $2.6 billion. The company's rich transaction data, along with an established user base, offers a strong competitive advantage in providing tailored financial services. A customer using their phone to access an online commerce platform. With financial inclusion increasing throughout Latin America, MercadoLibre, Inc. (NASDAQ:MELI) can expand credit, payment, and investment products to an ever-evolving market of underserved consumers and businesses. Furthermore, the integration of fintech services with e-commerce platform helps create synergy, which can fuel user engagement and revenue growth throughout both segments. Providing the users a yield on deposits that broadly matches or exceeds benchmark rates with immediate liquidity remains critical. MercadoLibre, Inc. (NASDAQ:MELI)'s low cost-to-serve allows it to provide such yields at scale, while growing profitably. MercadoLibre, Inc. (NASDAQ:MELI) demonstrated optimism in the performance of its credit portfolio, which saw a growth of 75% YoY to $7.8 billion in Q1 2025. The company sustained high growth rates and maintained delinquency at comfortable levels. Sands Capital, an investment management company, released its Q1 2025 investor letter. Here is what the fund said: 'MercadoLibre, Inc. (NASDAQ:MELI) is the largest ecommerce and fintech ecosystem in Latin America by market share. The business delivered a strong fourth quarter in 2024, with operating income exceeding consensus estimates by 37 percent. This marked a significant rebound from 2024's third quarter, when operating income fell short of expectations. The outperformance was largely driven by operations in Argentina, where 31 percent year-over-year revenue growth boosted earnings due to the region's higher contribution margin relative to Brazil and Mexico. As of year-end, MercadoLibre served 100 million annual unique ecommerce customers and more than 60 million monthly active financial technology users.' While we acknowledge the potential of MELI as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 13 Cheap AI Stocks to Buy According to Analysts and 11 Unstoppable Growth Stocks to Invest in Now Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
Yahoo
09-07-2025
- Business
- Yahoo
MercadoLibre (MELI) Reports Net Revenue Growth from Mercado Pago in Q1 2025
MercadoLibre, Inc. (NASDAQ:MELI) is one of the In the broader fintech sector, the company's Mercado Pago has emerged as a critical driver of growth. Its credit business has demonstrated strong expansion, primarily in Argentina and Brazil. MercadoLibre, Inc. (NASDAQ:MELI) saw net revenue from Mercado Pago in Q1 2025 grow by 43% in dollars YoY, touching $2.6 billion. The company's rich transaction data, along with an established user base, offers a strong competitive advantage in providing tailored financial services. A customer using their phone to access an online commerce platform. With financial inclusion increasing throughout Latin America, MercadoLibre, Inc. (NASDAQ:MELI) can expand credit, payment, and investment products to an ever-evolving market of underserved consumers and businesses. Furthermore, the integration of fintech services with e-commerce platform helps create synergy, which can fuel user engagement and revenue growth throughout both segments. Providing the users a yield on deposits that broadly matches or exceeds benchmark rates with immediate liquidity remains critical. MercadoLibre, Inc. (NASDAQ:MELI)'s low cost-to-serve allows it to provide such yields at scale, while growing profitably. MercadoLibre, Inc. (NASDAQ:MELI) demonstrated optimism in the performance of its credit portfolio, which saw a growth of 75% YoY to $7.8 billion in Q1 2025. The company sustained high growth rates and maintained delinquency at comfortable levels. Sands Capital, an investment management company, released its Q1 2025 investor letter. Here is what the fund said: 'MercadoLibre, Inc. (NASDAQ:MELI) is the largest ecommerce and fintech ecosystem in Latin America by market share. The business delivered a strong fourth quarter in 2024, with operating income exceeding consensus estimates by 37 percent. This marked a significant rebound from 2024's third quarter, when operating income fell short of expectations. The outperformance was largely driven by operations in Argentina, where 31 percent year-over-year revenue growth boosted earnings due to the region's higher contribution margin relative to Brazil and Mexico. As of year-end, MercadoLibre served 100 million annual unique ecommerce customers and more than 60 million monthly active financial technology users.' While we acknowledge the potential of MELI as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 13 Cheap AI Stocks to Buy According to Analysts and 11 Unstoppable Growth Stocks to Invest in Now Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
07-07-2025
- Business
- Yahoo
UBS Raises MercadoLibre (MELI) Price Target, Keeps Buy Rating
MercadoLibre, Inc. (NASDAQ:MELI) is one of the 11 Best Fintech Stocks to Buy Right Now. On June 2, UBS analysts increased the price target for MercadoLibre, Inc. (NASDAQ:MELI) from $2,500 to $3,000 and kept a 'Buy' rating. This adjustment came after the company reported its first-quarter 2025 results, showing solid performance in both its e-commerce and fintech businesses, especially in Argentina. A customer using their phone to access an online commerce platform. The analysts noted that MercadoLibre, Inc. (NASDAQ:MELI) is benefiting from a favorable economic environment in Argentina. This is expected to help the company mitigate some margin pressures caused by ongoing investments. MercadoLibre, Inc.'s (NASDAQ:MELI) fintech division, Mercado Pago, has also applied for a banking license in Argentina. This move aims to strengthen its position in the region's fintech sector. The company is looking to expand its service offering within its 100% digital market and this step is part of a regional strategy already underway in countries like Brazil and Mexico. MercadoLibre, Inc. (NASDAQ:MELI) is the leading e-commerce and financial technology company in Latin America. The company has operations in 18 countries. While we acknowledge the potential of MELI as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 11 Stocks That Will Bounce Back According To Analysts and 11 Best Stocks Under $15 to Buy According to Hedge Funds. Disclosure: None.
Yahoo
27-06-2025
- Business
- Yahoo
StoneCo Stock Rides on Product Innovation, Attractive Valuation
StoneCo Ltd. STNE is benefiting from relentless product innovation, which is expanding its digital ecosystem and enabling it to better serve micro, small, and medium-sized businesses (MSMBs) in Brazil. These innovations include the Pix QR Code solution, which allows instant peer-to-merchant (P2M) payments integrated with Point of Sale ('POS') systems for simplified reconciliation; TapTon, which enables mobile payment acceptance through Android and iOS devices; Payment Link for generating personalized payment URLs; and Web Checkout (through platform), which streamlines the online shopping experience for better conversion. StoneCo also offers a POS Gateway for in-store payments, a Payment Service Provider platform for marketplaces and omni-channel players (through platform), and Split Payments (Split de Pagamento) to divide a single transaction among multiple recipients. Merchants can also leverage prepayment solutions to accelerate access to receivables. StoneCo's software portfolio is positioned to capitalize on Brazil's rapid shift toward digital payments by seamlessly integrating with its expanding payment ecosystem. Fueled by strong tailwinds, such as a pix transaction volume growing 95% year over year and a 10% rise in card transactions in first-quarter 2025, StoneCo's cloud-based POS and ERP platforms — Linx, Trinks, Sponte and others — are becoming essential infrastructure for merchants moving away from cash. The company's full-stack platform and regional focus position it to ride on long-term structural tailwinds in financial inclusion and SME digitization. MercadoLibre, Inc. MELI, through its Mercado Pago, offers a comprehensive suite of digital payment solutions that play a critical role in expanding financial inclusion across Latin America. Its offerings include a digital wallet that supports peer-to-peer transfers, bill payments and QR code-based transactions. For merchants, Mercado Pago provides mobile point-of-sale (MPOS) devices that simplify in-store digital payments. The company is also testing in-chat payments via WhatsApp and enabling Pix-based cross-border payments for Brazilian tourists in Argentina. These innovations position Mercado Pago as a leader in digital finance in Latin America. NU Holdings Ltd. NU, primarily through its digital banking brand Nubank, offers a wide range of digital payment products designed to simplify financial transactions and promote accessibility across Latin America. Its flagship payment solution, NuPay, enables secure, one-click checkouts directly within the Nubank app, eliminating the need for card details. Nubank also provides a digital account, NuConta, which supports PIX transfers, bill payments, ATM withdrawals, mobile top-ups and virtual debit cards. Additionally, Nubank offers NuTap, a mobile POS solution for small businesses to accept card payments. Year to date, shares of StoneCo have gained 87.6% compared with the industry's growth of 14.2%. The S&P 500 composite also grew 3% in the same period. Image Source: Zacks Investment Research STNE's valuation looks attractive. The stock trades at a forward 12-month price-to-earnings (P/E) of 9.78X, lower than the industry average of 40.16X. It carries a Value Score of B. Image Source: Zacks Investment Research The Zacks Consensus Estimate for STNE's earnings has moved south over the past 60 days. Image Source: Zacks Investment Research STNE stock currently carries a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Nu Holdings Ltd. (NU) : Free Stock Analysis Report MercadoLibre, Inc. (MELI) : Free Stock Analysis Report StoneCo Ltd. (STNE) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
