Mercado Pago adds investment funds to its virtual wallet options

Mercado Pago has expanded its investment offerings, allowing users to diversify their savings beyond the standard peso money market account. The platform, part of Mercado Libre, now provides access to two new common investment funds (FCI): one focused on fixed income and another on variable income.

These new alternatives are available in the 'Investments' section of the app and are supervised by the National Securities Commission, with Banco Industrial (BIND) acting as custodian. Users can start investing with as little as $100, and funds can be withdrawn within one business day.

The fixed-income fund, described as the more conservative option, invests in peso-denominated terms deposits, bonds, and treasury bills. In contrast, the variable-income fund targets users willing to accept higher risks for potentially greater returns, investing in shares of leading companies listed on the capital market.

Tomás Azzali, Senior Director of Mercado Pago Argentina, highlighted the evolution of money management, noting that the company transformed the landscape eight years ago by offering daily yields on digital accounts when others offered none. He stated that this evolution empowers individuals to choose how they grow their savings.

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Eight years ago, we transformed money management by offering the possibility of generating daily returns through our digital account, while other accounts yielded 0%. This evolution allows each person to choose how to boost their savings.