MercadoLibre dominates Latin American e-commerce and fintech, processing over $50 billion in gross merchandise volume in 2024—more than triple #2 Globant’s total market cap. Its financial arm, Mercado Pago, serves 100 million users across 18 countries, making it faster than the average regional competitor in transaction speed. The platform’s logistics network delivers 80% of orders within 24 hours in major cities, outperforming #3 Ualá’s banking reach by covering 450 million potential consumers.
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