From the birth of MercadoLibre in 1999, to the present, the company achieved great growth by placing it among the 10 most visited e-commerce pages in the world.
MercadoLibre decides to release MercadoPago in 2003 as a secure method of payment and deposit of money, both related to each other.
In the year 2017 MercadoPago enables the possibility of a virtual fixed term in its platform, as a common bank.
MercadoPago is currently offering an annual interest rate of 49.3%, which is very profitable to deposit capital in Argentine currency and have a good profit against the price inflation in the country.
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