AtlasPayment MethodsMercado Pago

Mercado Pago

pmt_mercado_pago

Introduced in 2003, Mercado Pago is a digital wallet or mobile payment service for consumer and merchant payments.

Wallet
Use cases:
Channels:
Initiation:
Users
83M
Markets
7
TPV
$278B
Transactions
16B

Number of Users

UsersYoY
20222023202420252026Five-year Users and YoY data will appear here

Total Payment Volume

TPVYoY
20222023202420252026Five-year TPV and YoY data will appear here

Markets

Markets and currencies connected to Mercado Pago across consumer, processing and settlement flows.

Market
BrazilLatAm$95B5.8B56M
MexicoLatAm$29B1.1B21M
ArgentinaLatAm———
ChileLatAm———
EcuadorLatAm———

Capabilities

How Mercado Pago works across its supported payment flows, normalized to the Atlas capability model.

Processing
ConfirmationDelayedInstant
Clearing ModelReal-timeBatch
System Settlement Timing–
System Interoperability–
Cross-border Support–
Flows
EmbeddedSupported
RedirectSupported
Deep LinkSupported
Offline CompletionConditional
Manual Transfer–
Payment Request–
QRSupported
NFCConditional
USSD–
Recurring
User-present RepeatSupported
Merchant-initiated–
Mandate Support/Required–
Credential on FileSupported
Authentication
Online Banking–
App ApprovalSupported
Biometric AuthenticationConditional
PIN / PasscodeConditional
One-time Password–
3D SecureNot supported
Authorization
Authorization Hold / Pre-authorization–
Authorization Reversal / Void–
Authorization Adjustments–
Partial Authorization–
Zero-value Verification–
Capture
Separate/Manual Capture–
Partial Capture–
Multiple Partial Captures–
Refunds
Full RefundsNative
Partial RefundsNative
Multiple Partial RefundsConditional
Disputes
ChargebacksConditional
Non-chargeback Dispute ProcessSupported
Payment GuaranteeNot guaranteed
Funding Sources
Bank AccountConditional
CardConditional
Stored BalanceSupported
Credit Line–
Cash–
Consumer Requirements
Local Bank Account Required–
App / Wallet Account RequiredRequired
Phone Number RequiredConditional
Supported Bank/Issuer Required–
Merchant Requirements
Local Entity Required–
Local Bank Account Required–
Local Acquiring Required–
Local Processing Required–

PSPs

PSP-specific Mercado Pago implementations, kept separate from the underlying payment method.

No PSP implementations have been mapped for this method yet.

Schemes

Schemes connected to Mercado Pago, using the same four-metric model as the overview.

Scheme
eMoney

Compliance

Regulators and regulations connected to Mercado Pago.

Regulator(s)
No regulators have been mapped yet.
No regulations have been mapped yet.

Standards

Standards connected to Mercado Pago.

No standards have been mapped yet.
Mercado Pago87.0%
Markets75.0%PSPs0%Schemes50.0%Compliance0%Standards0%