Mercado Libre aims to launch credit card in Chile

E-commerce giant Mercado Libre is making headway in its fintech plans for Chile. Authorities, through the Financial Market Commission (CMF), recently approved its financial services arm, Mercado Pago, to continue with the revision process to acquire a special license. Should it acquire this official document, Mercado Pago can launch multiple new products in the country, including credit cards and even allow its users to invest via its e-wallet.

Source: Contxto