Mercado Libre announced the investment of 1.1 billion dollars in Mexico, a record figure which means a growth of 160% compared to the 420 million dollars reported in 2020. 

According to the company, the resources will be allocated in technological solutions, strengthening fintech solutions such as the digital account, Mercado Crédito, and providing support for financial education programs. Also, it seeks to boost the operation of Mercado Envíos, expanding its logistics network and doubling the square meters of warehouses nationwide.