Mercado Pago Hits 64 Million Monthly Active Users as Q1 2025 Fintech Revenue Rises 43%

Mercado Pago, the fintech arm of Latin American e-commerce and payments group Mercado Libre, reached 64 million monthly active users in the first quarter of 2025, a 31% increase compared with the same period a year earlier. Fintech revenues for the quarter totalled USD 2.63 billion, up 43% year-on-year.

The fintech division's revenues represented 44.3% of Mercado Libre's total revenues for the quarter.

CREDIT PORTFOLIO

Mercado Pago's credit portfolio grew 75% to USD 7.8 billion.

TRANSACTION VOLUMES

Mercado Pago processed about 11.4 billion payment transactions in 2024, up roughly 50% year-on-year.