Wednesday, February 12, 2020

Free Market Bill $674.3M in the 4th Tri

The Free Market grew 84.4% in fourth-quarter net revenue to $674.3 million. Sales on the marketplace reached $3.9 billion, up 39.7%, and mobile sales, in turn, reached the 68.7% mark. The total volume of payments with Mercado Pago reached US$ 8.7 billion in the fourth quarter of 2019, a year-on-year increase of 63.5% in dollars and 98.5% in currency. Total transactions grew 127.2% compared to the same period a year earlier, totaling 285.5 million transactions in the quarter. The transaction in Brazil represented 63.5% of the company's total net revenue, with US$ 428.3 million. Free Market Will Invest R$ 4 B R$ 4 billion, this is the amount that mercado Livre estimates in investing in Brazil in 2020. The contribution will give scale to e-commerce, the financial services of the Paid Market, in addition to improving logistics efficiency. Last year, the company invested R$ 3 billion in the country - a 30% increase in 2020. Mercado Pago also has plans to expand the shelf of financial services and awaits licenses from the Central Bank for the activities of financial institution and card purchaser.
Giro News - 11/02/2020 News Item translated automatically
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