| Mercado Pago (MercadoLibre): The fintech arm of e-commerce giant MercadoLibre, offering a wide range of payment and financial services. |
Mercado Pago is a leading digital wallet and payment platform in Argentina and across Latin America. It provides online payment solutions, mobile payments via QR codes, and merchant services, including payment processing for MercadoLibre's marketplace and external businesses. It also offers accounts with investment options and credit services. |
Mercado Pago holds a dominant position in the digital wallet market in Argentina, with a high percentage of surveyed consumers using it regularly. Mobile wallets, including Mercado Pago, have become a preferred payment method. In 2024, Mercado Pago's credit portfolio grew significantly. Argentina is a key market for Mercado Libre's overall growth. |
Total Payment Volume (TPV) for Mercado Pago reached $197 billion in 2024 globally. Total payment transactions (TPN) in 2024 topped 11.4 billion globally. Acquiring TPV reached $142 billion in 2024 globally. |
Net revenue from Mercado Pago reached $8.6 billion in 2024 globally. MercadoLibre's total net revenue (including commerce and fintech) was $21 billion in 2024 globally. Q1 2024 Mercado Pago revenue was ~US$1.84 billion. |
| Fiserv: A global provider of payments and financial services technology solutions, with a notable presence in Argentina's merchant acquiring and processing segments. |
Fiserv offers a broad portfolio of services including merchant acquiring, payment processing, and financial institution solutions. Their technology underpins various aspects of the payment value chain. |
Fiserv has a significant Merchant Solutions segment in Argentina. The company has been impacted by macroeconomic factors in Argentina, including currency devaluation. Fiserv's strategies involve leveraging its position at the intersection of merchants and financial institutions. The company completed the acquisition of Posnet and Prisma Servicios Tecnológicos in Argentina. |
While specific volumes for Argentina are not detailed, Fiserv processes a large volume of transactions through its merchant and financial solutions segments globally. The Merchant Solutions segment showed strong organic revenue growth globally in 2024. |
Fiserv reported total adjusted revenue of $19.123 billion in 2024 globally. GAAP revenue for the company was $20.456 billion in 2024 globally. Global Merchant Solutions segment revenue showed growth in 2024. Argentina's contribution to segment-level reported revenue growth was projected to shift from a tailwind in 2023 to a headwind in 2024. |
| Visa Inc.: A multinational corporation facilitating electronic fund transfers globally through Visa-branded payment products. |
Visa provides the network and infrastructure for processing credit, debit, and prepaid card transactions. They partner with financial institutions to issue cards and with acquirers to enable merchant acceptance. |
Visa has a significant market share in card payments globally and in Argentina. They focus on growing payment volumes, cross-border transactions, and processed transactions. Visa has been establishing direct operations in Argentina. [Note: While a search result mentions Visa establishing operations in Argentina, another indicates it doesn't issue cards or set rates directly but provides products to FIs]. |
Visa's total payments and cash volume was $16 trillion and the network processed 234 billion total transactions in fiscal year 2024 globally. Payment volumes grew by 8% and cross-border volume by 13% in Q4 FY24 globally. |
Visa's net revenue was $35.9 billion in fiscal year 2024 globally. Net income was $19.7 billion in fiscal year 2024 globally. |
| Mastercard Incorporated: A global technology company in the payments industry, operating a payments processing network. |
Mastercard provides payment solutions, including credit, debit, and prepaid cards, as well as related services and technologies. They facilitate transactions between consumers, merchants, banks, and governments. |
Mastercard is a major card network competitor to Visa in Argentina. They have been focused on expanding their network and services, including partnerships with local banks like Banco Nación. Mastercard highlights growth in contactless payments and cross-border volumes globally. |
Mastercard's gross dollar volume was up 9% globally in Q1 2025. Cross-border volume surged by 20% globally in Q4 2024. 73% of in-person switched transactions were contactless in Q1 2025 globally. |
Mastercard's net revenue reached $28.2 billion for the full year 2024 globally. Net income was $12.9 billion for the fiscal year 2024 globally. Net revenue grew 16% in Q4 2024 globally. |
| Grupo Financiero Galicia: One of the principal financial groups in Argentina, encompassing Banco Galicia and the fintech Naranja X, with significant payment operations. |
Grupo Financiero Galicia offers a wide range of banking and financial services. Banco Galicia is a major bank with traditional payment services (accounts, cards), while Naranja X operates as a prominent fintech providing digital accounts, cards, and payment solutions. |
Grupo Financiero Galicia has a significant market share in loans and deposits in Argentina. Naranja X is a key part of their strategy, focusing on digital financial management and payment instruments like Visa, Mastercard, and American Express cards under the Naranja X brand. Naranja X was formerly known as Tarjeta Naranja. |
Naranja X tracks monthly active payers and monthly active merchants. Specific transaction volumes for the entire group's payment activities were not detailed in the provided search results. |
Grupo Financiero Galicia's revenue was AR$ 6.91 trillion in 2024. Interest income related to Naranja X amounted to AR$ 1,530,302 million for the year ended December 31, 2024. |
| Banco Santander Argentina: A major international bank with a significant presence in Argentina, including its acquiring business, Getnet. |
Banco Santander Argentina provides comprehensive banking and financial services, including payment processing and merchant solutions through its Getnet platform. |
Santander has been expanding its payment activities globally and in Latin America, including the launch and development of Getnet Argentina. Getnet provides solutions for entrepreneurs, professionals, and businesses to accept electronic payments. Santander's Payments division (PagoNxt, which includes Getnet) is a key strategic focus. |
Getnet processes millions of monthly transactions for e-commerce companies in Latin America. Santander's PagoNxt handled billions of transactions per month and hundreds of billions of Euros in payment volume in 2024 globally/regionally. Getnet processed 171 million monthly transactions for e-commerce in Latam. |
Banco Santander Argentina's trailing 12-month revenue as of Dec 31, 2024, was $5.49 billion. Banco Santander Group's total income was €62.2 billion in 2024 globally. Payments (PagoNxt) total revenue was €1,240 million in FY'24 globally/regionally. |
| BBVA Argentina: A significant banking institution in Argentina offering a range of financial products and services, including payment solutions. |
BBVA Argentina provides traditional banking services, including deposit accounts, loans, and payment instruments like cards. They are also involved in the electronic payment ecosystem. |
BBVA Argentina participates in the national payment system and offers various payment methods to its customers. They are mentioned in relation to entities like MODO and Interbanking. Their financial performance is impacted by the local economic context. |
Specific payment transaction volumes for BBVA Argentina were not provided in the search results. |
BBVA Argentina's net income was AR$ 357.7 billion in 2024. Their operating income in the first half of 2024 was AR$ 1.20 trillion. |
| Prisma Medios de Pago S.A.: Historically a dominant player in Argentina's card payment market, involved in acquiring, processing, and payment schemes. |
Prisma has been a key entity in the Argentinian payment infrastructure, providing services for merchant acquiring (Posnet, Lapos) and transaction processing. It was historically linked to major card brands in exclusive agreements. [Context from initial prompt, not detailed in search results] |
Prisma has undergone changes due to regulatory efforts aimed at increasing competition in the acquiring and processing segments. Its platforms like Todo Pago are significant in the local market. [Context from initial prompt] Prisma was an exit for Banco Santander Argentina in 1983. |
Prisma has historically handled a large volume of card transactions in Argentina through its acquiring and processing services. Specific recent volumes were not available in the provided search. |
Specific revenue figures for Prisma Medios de Pago in 2024 were not found in the provided search results. Its historical financial performance would have been substantial given its dominant market position. |
| Naranja X: The fintech company of Grupo Financiero Galicia, a major issuer of credit and prepaid cards and a provider of digital financial services. |
Naranja X offers digital accounts (CVU), credit, debit, and prepaid cards (Visa, Mastercard, American Express), and a mobile app for financial management, payments, and transfers. It evolved from the traditional credit card issuer Tarjeta Naranja. |
Naranja X is a key player in the adoption of digital wallets and prepaid cards in Argentina, particularly among a broad consumer base. It is actively developing its platform and services. Naranja X has secured debt financing to support its operations and growth. |
Naranja X tracks monthly active payers and monthly active merchants. Specific transaction volumes processed by Naranja X were not detailed in the provided search results. |
Interest income related to Naranja X amounted to AR$ 1,530,302 million for the year ended December 31, 2024. This figure represents a significant revenue stream within Grupo Financiero Galicia. |
| Ualá: A prominent Argentine fintech company offering a digital banking and payment platform with a prepaid Mastercard. |
Ualá provides a mobile financial application linked to a prepaid Mastercard, allowing users to make online and in-store purchases, transfer money, pay bills, and access other financial services like investments and loans. It aims to promote financial inclusion. |
Ualá is one of the most used digital wallets in Argentina and has seen rapid growth in its user base. It has successfully raised significant funding to fuel its expansion in Argentina and other Latin American markets. Ualá's focus is on providing accessible financial services to the underbanked population. |
Ualá has over eight million users across Argentina, Mexico, and Colombia. It is the third-most used digital wallet in Argentina. Specific transaction volumes processed by Ualá were not available in the provided search results. |
Ualá secured a significant funding round in late 2024, valuing the company at $2.75 billion post-money, indicating substantial growth and market confidence, although specific revenue figures for 2024 were not provided in the search results. Its revenue is generated through transaction fees, interchange fees, and potentially interest on credit/loans. |