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.”
Looking for information about how COVID-19 has impacted the payments industry?
The Strawhecker Group (TSG) and Visa Consulting & Analytics (VCA) teamed up to survey a representative sample of U.S. consumers, and analyzed Visa’s proprietary spend data, with the goal of understanding how the COVID-19 pandemic has impacted consumer lifestyles, payments trends, and how behaviors may change after the pandemic.
Click here to download TSG and Visa’s infographic, Purchasing in a Pandemic.