Mobile Payments Today
PayPal Holdings Inc. CEO Dan Schulman announced a new agreement with MercadoLibre on a global integration between the payments firm and a Latin American e-commerce site.
PayPal, which earlier this year acquired a stake in MercadoLibre, will become a payment option on the Mercado Pago online checkout for customers in Brazil and Mexico, allowing PayPal’s 300 million customers to gain access to thousands of merchants on the site.
“This is just the beginning of the great things we can do together,” Schulman wrote on his LinkedIn page. “By working closely, we can jointly leverage our scale and platform capabilities to help drive inclusion and access to the global digital economy.”