Now you can pay at any establishment with Mercado Pago and its QR code

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The rise of digital payments crosses the barriers of the internet. The ease offered by not having to carry cash in your wallet all the time, the insecurity of having your card cloned or losing it make fintech companies gain more strength every day in Mexico, and that is why Mercado Libre wants to join This trend and from now on you can pay in beauty salons, small stores and even at Burger King through Mercado Pago and its QR code. Pay in physical establishments using Mercado Pago and its QR code Officially, the large marketplace Mercado Libre has activated the use of Mercado Pago and its QR code in Mexico City , and with this service, users will be able to carry out transactions in around 5,000 establishments through its app. What are fintech: learn how they are distinguished from traditional financial services and what their regulation will be like in Mexico The great advantage of Mercado Pago and its QR code is that anyone, even those who are not banked and do not have credit cards.

Can carry out digital transactions using their cell phone as the main means. In the long term, the objective of integrating the QR code into the Mercado Pago application will be to close the gap in access to financial services in Mexico , according to the Argentine eCommerce giant. Paula Arregui , senior vice president of product at Mercado Pago, explained that for businesses to start using Mercado Pago C Level Contact List and its QR code, it is not necessary to buy or install additional devices, a great advantage since they will only have to use the app or even a cardboard with the QR code for the operation. “This is Mercado Libre's understanding of democratization of financial technology, regardless of the user's level of technological sophistication. The cell phone is the central axis and we see this as complementary and beneficial because there is no expense, there is no need to pay for a machine, with just a piece of cardboard with the code they can receive payments,” he assured.



Tweet “You can now pay in stores, businesses and even Burger King with Mercado Pago using QR  is expected to help Mexico's unbanked population make digital payments Currently in Mexico there are 36 million people who do not have banking services , and in contrast, 84 out of every 100 cell phones are smartphones according to data from the Federal Telecommunications Institute (IFT), so the potential use of this type of payment tools is extremely high in the country. If you are already a Mercado Pago user, you do not need to do anything else to obtain access to its QR code to make and send payments, and if you want to create your account, the only thing you will have to do is download the app and create your profile, since you do not It costs absolutely nothing.and medium-sized businesses, this new service offers a new secure and fast payment method.