Why MercadoLibre, Inc. (MELI) Is Among The Best Mobile Payments Stocks to Buy Now?

MercadoLibre, Inc. (NASDAQ:MELI) is among the 10 Best Mobile Payments Stocks to Buy Now. 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.

Why MercadoLibre, Inc. (MELI) Is Among The Best Mobile Payments Stocks to Buy Now?

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.

While we acknowledge the risk and potential of MELI as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than MELI and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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