Mercado Libre, FIMPE team up for real-time identity validation solution

Friday 8 May 2020 11:44 CET | News

FIMPE and ecommerce tech company Mercado Libre México have created the interconnection platform between the financing ecosystem of Mercado Crédito and the National Population Registry (RENAPO).

FIMPE is a provider of the infrastructure for electronic means of payment, while Mercado Crédito is the financial arm of Mercado Libre. This collaboration is meant to validate the identity of users in real-time in order to avoiding identity theft and fraud possibilities.

The deal allows Mercado Crédito to offer working capital and consumer financing to users of Mercado Libre and Mercado Pago, with finance that can range from one thousand to three million pesos. Via the partnership, Mercado Libre is expecting to protect its users and consumers from potential fraud and become the safest platform.

More: Link

Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Keywords: Mercado Libre, FIMPE, partnership, identity validation, ecommerce, payments , identity theft, fraud, fraud protection
Categories: Fraud & Financial Crime
Countries: World
This article is part of category

Fraud & Financial Crime

Industry Events