Mercado Pago Keeps Issuing Credit Cards Even as Brazil Worries About Debt

Reuters reported that Mercado Pago, the fintech arm of MercadoLibre, Inc. (NASDAQ:MELI), remains comfortable expanding its credit card business despite Brazil’s central bank raising concerns over rising household debt. Speaking on the sidelines of a financial industry event in Brasilia, Mercado Pago Vice President Ignacio Estivariz said the company’s underwriting models remain robust and its […]