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Mercado Libre | New Podcast Episode Sheds Light on Ambitious Growth Plans and Strategic Focus Across Latin America

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Mercado Libre (NASDAQ: MELI) has released a new episode of its IR Interviews podcast featuring Leandro Cuccioli, Senior VP of CorpDev, Strategy, Sustainability and IR. The episode discusses the company's long-term growth strategy in Latin America, where e-commerce penetration remains at mid-teens levels. With over 90 million unique buyers, Mercado Libre continues to strengthen its market position through logistics, product variety, and retail media. The podcast highlights significant growth opportunities for Mercado Pago in underserved financial markets, particularly in Mexico, where only half the population has a bank account and 11% have credit cards.

Mercado Libre (NASDAQ: MELI) ha rilasciato un nuovo episodio del suo podcast IR Interviews con Leandro Cuccioli, VP Senior di CorpDev, Strategia, Sostenibilità e IR. L'episodio discute la strategia di crescita a lungo termine dell'azienda in America Latina, dove la penetrazione dell'e-commerce rimane a livelli medi del teen. Con oltre 90 milioni di acquirenti unici, Mercado Libre continua a rafforzare la sua posizione di mercato attraverso logistica, varietà di prodotti e media retail. Il podcast evidenzia significative opportunità di crescita per Mercado Pago nei mercati finanziari trascurati, in particolare in Messico, dove solo metà della popolazione ha un conto bancario e l'11% ha carte di credito.

Mercado Libre (NASDAQ: MELI) ha lanzado un nuevo episodio de su podcast IR Interviews con Leandro Cuccioli, VP Senior de CorpDev, Estrategia, Sostenibilidad e IR. El episodio discute la estrategia de crecimiento a largo plazo de la empresa en América Latina, donde la penetración del comercio electrónico se mantiene en niveles del medio al 15%. Con más de 90 millones de compradores únicos, Mercado Libre sigue fortaleciendo su posición en el mercado a través de logística, variedad de productos y medios minoristas. El podcast destaca oportunidades significativas de crecimiento para Mercado Pago en mercados financieros desatendidos, particularmente en México, donde solo la mitad de la población tiene una cuenta bancaria y el 11% tiene tarjetas de crédito.

메르카도 리브레 (NASDAQ: MELI)는 기업 개발(CorpDev), 전략, 지속 가능성 및 IR의 선임 부사장인 레안드로 꾸치올리(Leandro Cuccioli)가 출연한 IR 인터뷰 팟캐스트의 새로운 에피소드를 공개했습니다. 이 에피소드는 e커머스 침투율이 중간 10대 수준에 머물고 있는 라틴 아메리카에서 회사의 장기 성장 전략을 논의합니다. 9000만 명 이상의 독특한 구매자가 있어, 메르카도 리브레는 물류, 제품 다양성 및 소매 미디어를 통해 시장 위치를 지속적으로 강화하고 있습니다. 이 팟캐스트는 특히 인구의 절반만이 은행 계좌를 가지고 있고 11%가 신용 카드를 가지고 있는 멕시코에서, 금융 서비스가 부족한 시장에서 메르카도 파고(Mercado Pago)의 중요한 성장 기회를 강조합니다.

Mercado Libre (NASDAQ: MELI) a publié un nouvel épisode de son podcast IR Interviews avec Leandro Cuccioli, Vice-Président Senior du développement des entreprises, de la stratégie, de la durabilité et des relations avec les investisseurs. Cet épisode aborde la stratégie de croissance à long terme de l'entreprise en Amérique latine, où la pénétration du commerce électronique reste à des niveaux moyens dans les adolescents. Avec plus de 90 millions d'acheteurs uniques, Mercado Libre continue de renforcer sa position sur le marché grâce à la logistique, à la variété des produits et aux médias de vente au détail. Le podcast met en lumière d'importantes opportunités de croissance pour Mercado Pago sur des marchés financiers sous-desservis, notamment au Mexique, où seule la moitié de la population possède un compte bancaire et 11 % détient des cartes de crédit.

Mercado Libre (NASDAQ: MELI) hat eine neue Episode seines IR Interviews-Podcasts veröffentlicht, in der Leandro Cuccioli, Senior VP für Unternehmensentwicklung, Strategie, Nachhaltigkeit und IR, zu Gast ist. In der Episode wird die langfristige Wachstumsstrategie des Unternehmens in Lateinamerika besprochen, wo die E-Commerce-Durchdringung auf einem mittleren Teenager-Niveau bleibt. Mit über 90 Millionen einzigartigen Käufern stärkt Mercado Libre weiterhin seine Marktposition durch Logistik, Produktvielfalt und Einzelhandelsmedien. Der Podcast hebt erhebliches Wachstumspotenzial für Mercado Pago in unterversorgten Finanzmärkten hervor, insbesondere in Mexico, wo nur die Hälfte der Bevölkerung ein Bankkonto hat und 11 % über Kreditkarten verfügen.

Positive
  • Strong market presence with 90 million unique buyers
  • Significant growth potential in Latin America with only mid-teens e-commerce penetration
  • Large untapped market opportunity in Mexico's financial services sector
Negative
  • None.

Montevideo, Oct. 29, 2024 (GLOBE NEWSWIRE) -- Mercado Libre (NASDAQ: MELI), the leading e-commerce and fintech platform in Latin America, launches the latest episode of its podcast series, IR Interviews, “Strategy and Growth Opportunities with Leandro Cuccioli”, Mercado Libre’s  Senior VP of CorpDev, Strategy, Sustainability and IR. IR Interviews is a unique space for investors to access the company executives’ strategic views.

Hosted by Investor Relations Officer Richard Cathcart, the episode features an in-depth conversation about Mercado Libre’s ambitious long-term growth goals, the company’s significant progress in shifting offline commerce online, and how Mercado Pago is leading fintech innovation across the region. Cuccioli highlights that with only mid-teens eCommerce penetration in Latin America, the region remains primed for digital growth. Mercado Libre, with over 90 million unique buyers on its platform, continues to strengthen its market leadership through rapid logistics, a broad product assortment, and innovative retail media offerings. He also covers how Mercado Pago has huge growth opportunities ahead as Latin America is still underserved in Financial Services. The biggest opportunity is in Mexico, where only half of the population has a bank account and 11% of people have a credit card.   

Listen to the latest episode “Strategy and Growth Opportunities with Leandro Cuccioli” on Spotify here. Previous episodes “Advertising with Sean Summers”, Ads EVP & CMO, “Logistics with Agustin Costa”, Shipping SVP and “Artificial Intelligence with Sebastian Barrios”, Technology SVP can be accessed here

Investor Relations Contact: investor@mercadolibre.com http://investor.mercadolibre.com


FAQ

What is Mercado Libre's (MELI) current user base in 2024?

Mercado Libre (MELI) has over 90 million unique buyers on its platform.

What is the e-commerce penetration rate in Latin America for Mercado Libre (MELI)?

According to the press release, e-commerce penetration in Latin America remains in the mid-teens.

What percentage of Mexico's population has credit cards according to Mercado Libre (MELI)?

According to Mercado Libre (MELI), only 11% of people in Mexico have a credit card.

What is the bank account penetration rate in Mexico according to Mercado Libre (MELI)?

According to Mercado Libre (MELI), only half of Mexico's population has a bank account.

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