Business, career & technology

MercadoLibre looks for a new consumer boom

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As we've seen many times before, the MercadoPago payment service has been an important contributor to MercadoLibre's overall strength. Total payment transactions grew by two-thirds, to 36.8 million, and total payment value climbed to $2.11 billion. That marked the first time that payment volume exceeded gross merchandise volume, marking an important milestone for MercadoPago. In local currency terms, total payment volume doubled, marking the sixth-consecutive quarter of 100% or higher growth.

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Go ahead!
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Looking more closely at MercadoLibre's numbers, the e-commerce specialist posted exceptional operational results.
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this is also because of the economy in general is getting stronger in Latin America after several years of a tough economic climate.
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MercadoLibre has had a great year so far, rising almost 63% since Dec. 31, leaving Amazon.com (AMZN) in the U.S. and Alibaba Group Holding (BABA) in China lagging with gains of 25% and 32% respectively.
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In May 2014, eBay began providing localized sites that support 18 markets in most of Latin America. This act garnered much attention because this sector was previously left to local companies such as MercadoLibre (in which eBay is invested).

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