2023-08-31 17:52:00
O Market Payment announced its new business credit card. At first, the digital bank of the Free Market Group is expanding its portfolio of solutions for small and medium-sized entrepreneurs. Likewise, there is an increase in the offer of credit to new sellers through Open Finance.
Túlio Oliveira is Senior Vice President of the company in Brazil and spoke regarding the news:
As one of the largest digital banks in the country, we continue to advance our offer and reach new audiences with the expertise of someone who has been working with entrepreneurs for over 20 years. Our launches meet the needs of this audience, helping them to develop and grow their businesses
Benefits of the new Mercado Pago credit card
According to Mercado Pago itself, the advantages of the new product include the possibility of controlling and concentrating the entrepreneur’s business expenses. Likewise, there is no membership fee or annuity charge, in addition to the credit limit depending on the customer’s needs.
It is also worth mentioning the access to make purchases entitled to up to 18 interest-free installments on the Free Market and double the number of points in the Meli+ program. In addition, the card has a Visa flag, which gives the entrepreneur the chance to join the benefits program Go from Visa.
economy and market
03 Jul
economy and market
23 Jun
When arrives?
The new Mercado Pago credit card will be progressively distributed to corporate customers from September 2023. To order, simply enter the service options in the Mercado Livre application, tap “Pedir Credit Card” and fill in the information necessary, as well as upload your documents.
Credit expansion with Open Finance
Mercado Pago also announced, as a novelty, the expansion of the credit line for new sellers via Open Finance who join the ecosystem. Túlio Oliveira took the opportunity to explain regarding the news:
Our launches meet the needs of this public, helping them to develop and grow their businesses. With the advancement of data sharing and through the use of machine learning, we were able to efficiently profile a new seller so that we might serve him with a credit offer in the short term. Today, more than 80% of credits granted to new sellers are already oriented via Open Finance
Integrated Payment Resource
Pago Integrado is the resource that complements the list of advertisements made by Mercado Pago. With this tool, it is possible to connect various payment systems to those for managing digital bank machines. The functionality arrives as a way to make the entire chain cheaper, in addition to promising to be better for sellers who earn around R$ 30,000 per month.
With that, the integration will replace the TEF and Daniel Davanço, Country Head of Payments for Companies, spoke regarding this function:
With Pago Integrado, small and medium-sized entrepreneurs have more security and control in managing their businesses. Integrated management also allows salespeople to improve the monitoring of business performance, ensuring better results
More regarding Mercado Pago: see details regarding the launch of the company’s CDB and the announcement of Point Air.
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