Which company owns the online payment service Mercado Pago?

Mercado Libre owns the online payment service Mercado Pago.

Mercado Pago was created as the payments platform for Mercado Libre, the Latin American e-commerce company founded in Argentina. It supports online checkout, person-to-person transfers, merchant payments, and other financial services across several countries in Latin America.

The service helps Mercado Libre reduce dependence on outside payment providers and makes transactions easier within its marketplace. Over time, Mercado Pago expanded beyond marketplace purchases and became a broader digital-finance platform, including payment accounts, cards, credit, and mobile payment tools in some markets.

Mercado Pago is sometimes mistaken for an independent company unrelated to Mercado Libre because it has its own branding and financial products. It remains part of the Mercado Libre ecosystem, alongside the company’s marketplace, shipping, advertising, and credit operations.