For a few years, Market Paymentthe largest fintech of Latin American origin in the region, offers digital financing to millions of Mexicans, has now released its credit card by the hand of Visa with the purpose of expanding the benefits of users and transforming the way in which they make their purchases.
In this sense, you can use the new card in any physical store in Mexico and abroad. In addition, you will have the option to buy and make payments online without restrictions. The main advantage over other cards is that it will offer six months without interest on each of the purchases made within Mercado Libre, the most widely used e-commerce platform in Mexico, at all times and with no minimum purchase amount.
Just as we have financed and given personal loans to so many Mexicans without access to the traditional banking system, now we want to give a credit card to those who are looking for another financial solution for their day-to-day lives”, said the general director of Mercado Pago México, Pedro Rivas .
When will Mercado Pago activate the credit card?
The option to apply to credit card Visa Payment Market It will be progressively enabled within the application in the following months among the millions of users, and the approval will depend on the profile of each applicant.
Once authorized, the user will have access to the digital card to make virtual purchases and will schedule the delivery of the physical card, enabled with Visa’s contactless payment technology; consult balance and movements; define the payment date among multiple alternatives; lock and unlock at all times; In addition to requesting replacement at no extra cost. Everything from the mobile and without having to go to any branch.
“For Visa, a company that enables digital payments, continuing to promote cutting-edge solutions and technologies hand in hand with players such as Mercado Pago allows us to contribute to an inclusive digital economy that helps people prosper,” said Luz Adriana Ramírez, General Director for Visa Mexico.
“The Mercado Pago Visa credit card offers consumers a safe, easy, fast, convenient and innovative way to pay, which also has contactless payment technology, which is quickly becoming the preferred way to pay for everyday purchases,” he added.
In order to provide greater security, the new Mercado Pago credit card will be infoless: without username, card number, validation code or expiration date. You will also have no annuity, minimum balance, no hidden fees or application fee.
From the same application you will be able to contract extra insurance against theft of cashless withdrawals and purchases made with a credit card. The fintech assured in its statement that the launch in Mexico is one more step in the alliance between Visa, the world’s leading payment technology company, and Mercado Pago, the super app for financial services, after the credit card that was launched in Brazil in 2021.
High level Alto Nivel is the Mexican medium with more than 30 years of stories, content and news on the economy, finance, business and leaders.