Mercado Libre Discontinues Mercado Coin, Shifts Focus to Stablecoin
Mercado Libre has discontinued its Mercado Coin loyalty token as of April 17, ending its crypto-based rewards. The firm is now concentrating on its stablecoin, signaling a strategic shift in its digital currency approach.
FINSA Buys $434M Industrial Portfolio in Hidalgo, Boosting Mexican Logistics Sector
FINSA purchased a $434 million portfolio of AAA industrial properties in Hidalgo leased to Mercado Libre. This move reinforces the company’s logistics presence amid Mexico’s expanding industrial market driven by nearshoring and e-commerce growth.
inDrive Strives to Become Mexico's Superapp via Negotiation and Ecosystem Expansion
inDrive is aiming to become a superapp in Mexico by leveraging negotiations and expanding its ecosystem. The company seeks to diversify its services and increase its market influence.
Mercado Libre Launches Meli Mega, Offering Up to 50% Savings on Streaming in Mexico
Mercado Libre has launched Meli Mega, a service that offers Mexico customers savings of up to 50% on popular streaming platforms. Mexican households are already spending up to 12,000 pesos annually on streaming, music, and storage subscriptions.