"PayPal circa 2016?" Susquehanna wonders after the Latin American e-commerce retailer MercadoLibre posted fourth-quarter earnings marked by growth in its payments segment.
While the company is best known for its online marketplace platform, analysts are taking note of its strides in payments and fintech. In their latest earnings release, their payments operation MercadoPago saw more payments for the first time "off platform" (through merchant services, mobile points of sales and wallet payments with QR codes) than through their marketplace platform. Shares rose as much as 22 percent to their highest level ever.
