Andy Anavi, Senior VP of Fintech Services, Discusses Mercado Pago's Ambitions and Competitive Advantages

MONTEVIDEO, Uruguay--(BUSINESS WIRE)--Mercado Libre (NASDAQ: MELI), the leading e-commerce and fintech platform in Latin America, today released the latest episode of its Investor Relations podcast series, “Inside Mercado Libre,” “Fintech Services with Andy Anavi.” In this episode, Richard Cathcart, Investor Relations Director, is joined by Andy Anavi, Senior VP of Fintech Services, to discuss the strategic evolution and growth opportunities of Mercado Pago.

The conversation explores Mercado Pago’s journey from a payments wallet to a fully-fledged digital bank, highlighting its leading NPS in Brazil, Mexico, and Argentina. Key topics include the company's focus on "principality"—becoming the primary financial relationship for its 72 million active users—and the transformative potential of Gen AI in underwriting and personalized financial advisory. As Andy mentions, “With LLMs, we will be able to get much stronger signals from all the information we are currently collecting.”

Commenting more broadly on the vision for Fintech Services, Anavy highlighted: “We aim to become the largest digital bank in Latin America… not only in terms of the number of users but also in terms of engagement or relationship depth. Our ambition is to have primary relationships with our users. I believe the opportunity is really huge. It’s huge even if you only consider our current user base”.

Listen to the latest episode, "Fintech Services with Andy Anavi," on Spotify. Previous episodes “Marcos Galperin and Ariel Szarfsztejn on CEO Transition,” "MELI’s Acquiring Business, with Paula Arregui, Senior Vice President," and “Strategy and Growth Opportunities with Leandro Cuccioli” can be accessed here.

About Mercado Libre

Founded in 1999, MercadoLibre, Inc (NASDAQ: MELI) is the leading company in e-commerce and financial technology in Latin America, with operations in 18 countries. It offers a complete ecosystem of solutions for individuals and businesses to buy, sell, advertise, obtain credit and insurance, collect, send money, save, and pay for goods and services both online and offline. Mercado Libre looks to facilitate access to commerce and financial services in Latin America, a market that offers great opportunities and high growth potential. It uses world-class technology to create intuitive solutions tailored to the local culture to transform the lives of millions of people in the region. More information at http://investor.mercadolibre.com/