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Corporate News

MERCADOPAGO PARTNERS WITH SMART2PAY

MercadoPago, the largest Internet payment platform with Latin American origin, has signed a partnership with Smart2PayTM, a company that provides payment solutions for international merchants in over 70 countries. The partnership aims to enable MercadoPago as a payment method within the Smart2PayTM platform, which means that Brazilians will be able to make purchases on sites from all over the world. This means that all MercadoPago Customers can now shop at international merchants and pay in Reais (R$).

Merchants that integrate Smart2PayTM will have access to MercadoPago, that becomes a tool for international companies interested in selling in Reais (R$) to the Brazilian market.

"We are combining the knowledge of a well-known company worldwide like Smart2PayTM, to the services of MercadoPago platform that prioritizes speed, flexibility and safety in its operations. We have over seven years of marketing experience and now expanded the scope of our services to other continents", said Marcelo Coelho, director of MercadoPago in Brazil.

"The request to facilitate MercadoPago via the Smart2PayTM platform came from international merchants who would like to offer MercadoPago as a means of payment and therefore have access to millions of users from the MercadoPago (eBay group) payment platform", said André Boesing, director of Smart2PayTM.

About MercadoPago

MercadoPago.com is the largest Internet payment platform with Latin American origin. With over seven years of experience in Latin America, MercadoPago is an eBay Group company, traded on Nasdaq (NASDAQ: MELI). The platform was developed with the latest technology in Internet security by a team of experts in finance, technology and information security, with extensive experience in the development of online financial services. MercadoPago is present in six countries: Argentina, Brazil, Chile, Colombia, Mexico and Venezuela. During 2010, there were 6.7 million transactions processed through MercadoPago, which handled a volume of over USD 698 million.

About Smart2PayTM

Smart2PayTM is a Payment Service Provider specializing in internet payments since 2002, covering more than 70 countries around the world. Smart2PayTM is headquartered in the Amsterdam area (Netherlands), with offices in Austria, Brazil and Romania. The company has established partnerships with various banks and financial institutions around the world. It provides a unique solution for leading international merchants that sell goods or services on the Internet all over the world. By adding the 153 local payment methods that Smart2PayTM offers to your ecommerce site, you will boost your sales significantly, by offering the preferred local method of payment to your customers!