10 Best Mobile Payments Stocks to Buy Now

4. MercadoLibre, Inc. (NASDAQ:MELI)

Number of Hedge Fund Holders: 116

MercadoLibre, Inc. (NASDAQ:MELI) has established itself as a one-stop shop for Latin American commerce, and it is currently expanding to provide the same standard of service in financial technology products. The company has built a whole ecosystem of mutually reinforcing services, including a core marketplace backed by a payments and lending arm, a best-in-class shipping solution, and an increasingly strong advertising platform. The marketplace operator has successfully handled two of the largest e-commerce pain points by successfully funneling all of the platform’s gross merchandise volume through proprietary payment rails and shipping it via its own Mercado Envios service. Hence, surging digital payment usage and growing acceptability of online purchasing should support the firm’s long-term development narrative.

MercadoLibre, Inc. (NASDAQ:MELI) is Latin America’s largest e-commerce marketplace, with over 218 million active customers and 1 million active sellers in 18 countries, incorporated into its commerce network or fintech solutions when last reported. It is ranked fourth on our list of the Best Digital Money Stocks.