Mercado Pago alternatives
short answerThe closest alternatives to Mercado Pago are Revolut, Nubank and PicPay. All are neobanks operating in Latin America, comparable to Mercado Pago on custody, licence, cards, fees and FX — compared field by field below. No affiliate links.
The 8 closest alternatives
| neobank | type | hq | reported users | compare |
|---|---|---|---|---|
| Revolut | hybrid crypto | London, UK | 50M customers (2025) | directory → |
| Nubank | traditional | São Paulo, BR | 131M customers (2025) | directory → |
| PicPay | traditional | São Paulo, BR | 58M users (2024) | directory → |
| Banco Inter | traditional | Belo Horizonte, BR | 35M clients (2025) | directory → |
| PagBank | traditional | São Paulo, BR | 32M clients (2024) | directory → |
| Nequi | traditional | Medellín, CO | 20M users (2024) | directory → |
| Phantom | web3-native | San Francisco, US | 15M MAU (2025) | directory → |
| Crypto.com | hybrid crypto | Singapore, SG | — | directory → |
go deeperBack to the Mercado Pago profile, ask who owns Mercado Pago?, or filter your own shortlist in the directory.
Figures compiled from public sources, for comparison only — not financial advice. "Up to" rates change constantly; always confirm with the issuer. Spotted an error? Suggest a fix.