Mercado Pago, GBM Bring Investment Opportunities to Mexicans

Mercado Pago, Mexico's largest online payment platform, and Grupo Bursátil Mexicano (GBM) set out in 2020 to increase the number of Mexicans with access to investment products, generating returns through technology. Three years later, they are announcing the progress of this plan.

To date, the money invested in GBM through the Mercado Pago app generates more than 10% returns, equivalent to more than MX$8 million (US$445,232) per month, distributed among users. More than 1.5 million app users have their money generating daily returns and with immediate liquidity. Growth has been exponential since launch, with 300,000 users investing in the first year, 450,000 new users in the second year and 750,000 new users in the third year, which is about to end. 

Of the user base that has invested its money, 50% is located outside Mexico's 30 leading cities. The alliance between Mercado Pago and GBM has become the gateway to investment preferred by all types of users. It is a clear example of successful collaboration schemes between fintechs and traditional financial institutions, providing new financial opportunities for Mexicans safely and reliably.

"We are happy that thousands of users are already generating up to MX$170 (US$9.51) per month. Plus, they can use their money anytime to pay with their debit Mastercard, transfer 24/7 or make digital payments. The current rate of return exceeded 10%, equivalent to distributing returns of MX$8.3 million (US$ 463,603) per month to users," said Jorge Cabrera, Director for Users, Mercado Pago.

More than 21.5 million people and businesses in Latin America already invest through Mercado Pago Solutions. One of the advantages most valued by users is the immediate availability of their investments, which is a differential against other investment tools in the market. Anyone can open an account in the Mercado Pago app, access daily returns with no minimum time of permanence and invest the money when needed. Users can invest from one peso to a maximum of MX$20,000 (US$1,118) from their phone in just a few clicks, with no waiting time or paperwork. 

"At GBM, we firmly believe in the potential of investments and their impact on society as fundamental elements of growth and well-being, which is why we have built an ecosystem of investment solutions hand in hand with technology and financial products that provide users with the satisfaction of seeing their money grow," said Pedro de Garay Montero, Co-CEO, GBM.