Unlimint expands payment portfolio with Mercado Pago in Brazil

By Gloria Methri

London-based global FinTech, Unlimint is expanding its alternative payment methods portfolio with the addition of Brazilian online payment solutions, Mercado Pago. The collaboration will allow Unlimint’s merchants to expand to Brazil and offer local customers popular payment options.

Since its launch in 2004, Mercado Pago has been one of the leading online payment solutions in Latin America with operations in Argentina, Brazil, Chile, Colombia, Mexico, and Venezuela.

It allows customers to send and receive secure and prompt online payments. In 2021, 3.3 billion payment transactions were made through Mercado Pago, a 70 percent growth from the previous year.

By including Mercado Pago in their payment portfolio, Unlimint offers a full suite that enables companies worldwide to successfully expand and grow in Brazil. The solution allows secure online payments via the Mercado Pago e-wallet at the check-out point, as well as pay-out capabilities to safely transfer funds between merchants and customers.

The expansion of Unlimint’s payment portfolio in Brazil will allow businesses from across the globe to operate seamlessly in the largest economy in Latin America. Previously, Unlimint added several significant regional payment methods such as Boleto, Loterica, PIX, and PicPay.

Commenting on the portfolio expansion, Irene Skrynova, Chief Customer Officer at Unlimint, said, “We are delighted with the addition of Mercado Pago to our payment portfolio. I believe it will be a massive benefit to our customers across the globe who wish to expand and operate in Brazil. LatAm is one of our strongest regions with a portfolio that offers a wide range of local payment methods and we pride ourselves in the fact that we can adapt quickly to respond to the evolution of the local payments landscape.”