Seeking Alpha, the digital magazine, has recently published an analysis on the stock of Mercado Libre (MELI). MELI is taking advantage of the thriving e-commerce market in Latin America; as indicated by AMI’s data, cross-border e-commerce makes up 13% of all e-commerce transactions in the region.
According to Americas Market Intelligence, cross-border e-commerce accounted for 13% of total e-commerce purchases in Latin America. This indicates that Latin American consumers are willing to shop online from international merchants and platforms as long as they provide convenient and secure payment options.
MercadoLibre is well-positioned to take advantage of the booming e-commerce market in Latin America. As the largest online marketplace and payment platform in the region, MercadoLibre has a significant competitive advantage over other players. The company’s Fintech solution is starting to see impressive growth with its payment solution becoming one of the most widely used payment methods in Latin America, enabling customers to purchase goods and services safely and conveniently. The company has also expanded its logistics network, providing fast and reliable delivery to customers across the region.
Click below to read the full story: MercadoLibre Stock May Get More Expensive In The Coming Months.