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Latin America’s leading e-commerce and fintech platform, Mercado Libre, reported strong financial results for 2025. The company posted total revenue of $28.9 billion, a 39% year-on-year increase, while fourth-quarter net revenue and financial services revenue reached $8.8 billion, up 45% year-on-year.
Mercado Libre’s e-commerce business demonstrated exceptional momentum. In 2025, Gross Merchandise Volume (GMV) reached $65 billion, up 26% year-on-year. Annual unique buyers crossed 120 million in 2025, with 16 million new users in Q4, reflecting continued growth in regional digital consumption.
In terms of infrastructure, the company’s fulfillment network remains a regional leader: 75% of fast-delivery orders are completed within 48 hours. Economies of scale from expanding user base and higher purchase frequency have also lowered per-item fulfillment costs across Brazil, Mexico, Chile, and Colombia.
Core Market Highlights
Brazil
2025 GMV: $28.6 billion, +35% YoY (constant currency)
Units sold increased 45% YoY
Lowered free-shipping thresholds boosted purchase frequency
High retention rates among new users
Record-breaking single-day sales on Black Friday
Mexico
2025 GMV: $13.7 billion, +35% YoY (constant currency)
Units sold increased 45% YoY
Argentina
2025 GMV: $16.9 billion, +42% YoY (constant currency)
Units sold increased 36% YoY

These figures indicate not only growing consumer demand but also a maturing e-commerce ecosystem in Latin America.
Additionally, investments in ad tech have fueled commercial growth. AI-driven bidding algorithms and automated advertising tools contributed to a 67% YoY growth in advertising revenue (constant currency), enhancing both merchant demand and platform monetization capabilities.
The rapid growth of Latin American e-commerce presents significant opportunities for global businesses. However, sellers relying solely on traditional cross-border operations often face structural disadvantages compared to local merchants:
Longer delivery times due to international logistics
Higher fulfillment and return costs
Platform traffic favoring local sellers
Lower consumer trust in overseas merchants
Intense competition from domestic brands
As regional platforms continue improving user experience and delivery efficiency, localized operations are becoming critical for sustainable growth.
For many companies, establishing a local store in Brazil, Mexico, or Argentina, combined with local inventory, fast fulfillment, and local payment solutions, is generally more competitive than traditional cross-border store models.
In 2026, Mercado Libre continues to strengthen engagement with Chinese sellers, encouraging them to leverage China’s abundant product supply for the Brazilian market. To support this, the platform now offers dedicated Chinese-speaking account managers for local Brazilian stores, providing end-to-end guidance on store operations, platform resources, and business growth acceleration.
At a Shenzhen event, Annika Li, Mercado Libre’s China-Brazil local storefront operations manager, presented the “Brazil Local Warehouse Store Launch Policy”, detailing store entry requirements, support policies, and operational strategies. This provides Chinese sellers a complete roadmap from onboarding to advanced operations in Brazil.
Pyvio is a global payment service provider focused on emerging markets across Latin America, Southeast Asia, and Africa, with deep expertise in supporting international sellers entering the LATAM e-commerce market. By leveraging localized payment infrastructure and established banking and clearing partner networks, Pyvio provides a one-stop solution that enables sellers to collect payouts from leading e-commerce platforms, conduct currency exchange, pay global suppliers, and centrally manage multi-currency funds through a single dashboard—improving settlement efficiency, optimizing FX costs, and strengthening cross-border cash flow control.
Key features include:
Local Currency Direct Collection to Reduce Foreign Exchange Losses
Support buyers to pay in local currencies, with funds directly reaching sellers' local accounts, avoiding multiple currency conversions and significantly reducing exchange costs.
Independent Local Accounts to Ensure Fund Security
Provide each store with a dedicated local collection account to isolate funds, eliminating account association and suspension risks.
Multi-Platform Fund Management
Enable sellers to manage funds from multiple platforms and stores in one unified dashboard, enhancing operational efficiency and fund visibility. Revenue can be directly converted and repatriated to domestic bank accounts or used for international payments, including advertising, logistics, and supplier settlements.
Accelerated cash flow
Local clearing networks shorten settlement cycles and reduce intermediary fees, helping sellers optimize cash flow.
Pyvio’s solutions go beyond addressing Latin American e-commerce payment requirements—they strengthen operational control, accelerate capital turnover, and deliver more structured, cost-efficient fund management across borders.