MercadoLibre Executive Says Obtaining Banking License In Mexico Will Take Between 12 And 24 Months
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MercadoLibre's executive announced that obtaining a banking license in Mexico will take between 12 and 24 months. This move is part of the company's strategy to expand its financial services in the region.
May 21, 2024 | 4:44 pm
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MercadoLibre's plan to obtain a banking license in Mexico within 12-24 months is a strategic move to expand its financial services in the region. This could enhance its market position and revenue streams.
Securing a banking license will allow MercadoLibre to offer a broader range of financial services, potentially increasing its customer base and revenue. The timeline indicates a medium-term impact, but the strategic importance is high.
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