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PayPal announces global payment integration with MercadoLibre

Friday 3 January 2020 09:54 CET | News

PayPal has announced a new agreement with MercadoLibre on a global integration between the payments company and the Latin American ecommerce site, according to MobilePaymentsToday.com.

PayPal, which has acquired a stake in MercadoLibre, will become a payment option on the Mercado Pago online checkout for customers in Brazil and Mexico, allowing PayPal's customers to gain access to thousands of merchants on the site.

PayPal will also be accepted on the MercadoLibre marketplace in Brazil and Mexico for cross-border purchases. Lastly, MercadoPago will be available as a payment option at PayPal merchants around the world. 

According to a PayPal statement, the agreement will expand the presence of its Xoom remittance service by allowing Mercado Pago users to receive money transfers in their digital wallets, initially in Mexico and Brazil.

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Keywords: PayPal, MercadoLibre, marketplace, payment method, MercadoPago, remittances, merchants, cross-border payments
Categories: Payments & Commerce | Ecommerce
Countries: Mexico
This article is part of category

Payments & Commerce