Volume of Mercado Pago payments on Mercado Libre's marketplace 2018-2022
number of payment transactions made through Mercado Pago increased by about 68 percent. Besides Mercado Libre's marketplace, the payment solution has been increasingly used by small and medium-sized enterprises.
In the fourth quarter of 2022, the volume of payments using Mercado Pago on Mercado Libre's online marketplace amounted to more than ten billion U.S. dollars. This represents an increase of over 23 percent compared with the 8.19 billion dollar volume recorded in the same period of the previous year. Mercado Pago is a digital payment platform operated by MercadoLibre, Inc. From 2021 to 2022, the overall