MercadoLibre, Inc., the largest e-commerce company in South America, posted third-quarter net income on Thursday, up 36% from the same period last year. Even though Mercado Lobre suffered from a slowdown in online shopping, its fintech division, Mercado Pago, offset that lower activity with increased revenue from payments made via mobile applications and QR codes in Brazil, Argentina, and Mexico.
Latam’s MercadoLibre’s Net Profit Rises 36%, Fueled By Fintech
