MercadoLibre (MELI) closed at $2,131.29 in the latest trading session, marking a +0.96% move from the prior day.
Latin American e-commerce giant MercadoLibre's fintech arm, Mercado Pago, has submitted its request for a banking license to the Mexican regulator, the unit said on Wednesday. The application to the National Banking and Securities Commission (CNBV) was sent earlier this month, Mercado Pago said in a statement. In May, Mercado Pago said it aimed to become the largest digital bank in the country with the license.
MercadoLibre rides on e-commerce strength driven by an expanding logistics network and robust shipping services.