Mercado Pago: Mercado Pago Applies for Banking License in Mexico

Mercado Pago, the FinTech arm of MercadoLibre, reportedly applied for a banking license in Mexico earlier this month. The firm sent the application to the Mexican regulator, the National Banking and Securities Commission (CNBV), Reuters reported Wednesday (Sept. 25). Mercado Pago is the second-largest digital wallet in Mexico, offering credit and debit cards, international transfers, interest on funds [...] The post Mercado Pago Applies for Banking License in Mexico appeared first on PYMNTS.com.