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Mercado Pago profile

Who owns Mercado Pago?

hybrid · Buenos Aires, AR · Licence pending (partner model today) · custody: Custodial

short answerMercado Pago is not itself a bank. It runs on a partner-bank (BaaS) model, where a licensed sponsor bank holds the deposits behind the app while Mercado Pago builds the product and interface.

Is Mercado Pago a licensed bank?

No — it runs on a sponsor bank (BaaS model). Licence detail: Payment/fintech licences region-wide; pursuing MX bank licence.

Where is your money held?

Custody model: Custodial.

Mercado Pago runs on: Paxos (crypto brokerage infrastructure) · Dock (BaaS / e-money platform). Full stack on the infra map.

Who's behind Mercado Pago?

Mercado Pago was founded by Marcos Galperin (MELI) (2003), headquartered in Buenos Aires, AR.

Is my money safe with Mercado Pago?

Deposits are held by Mercado Pago's sponsor bank, so any insurance flows through that bank rather than Mercado Pago. Check which sponsor holds your balance and whether it is passed through for per-customer coverage.

go deeperSee the full Mercado Pago profile with every verified field, or Mercado Pago alternatives. Raw fields: data.json.

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.