Free Market Launches Credit Cards and Daily Account Performance

Yield automatic

The company talked about one of the news that will be the income.

The free market is released by BACEN to be a payment institution

The free market wins the "Top of Mind" in the category of commercial sites. account balance. It's the same as Nubank's NuConta, which means that the user deposits the money on the account and that the amount is automatically applied to a public security. In the case of Mercado Pago, however, deposits will be applied to Selic's Treasury, which currently offers a remuneration of close to 5.2% per annum.

Transfers by TED and DOC

In addition, via the account it will be possible to make transfers via TED and DOC and to open salary accounts from 2019.

Map credit

Beginning in January, fintech will also offer a credit card, in addition to the prepaid card already available.

QR Code

In addition to these new features, the company announced that there are already more than 50,000 establishments in Brazil that accept the QR code payments offered by the Mercado Pago app since September

. 19659008] The company also operates payment terminals, the famous "machines". Since 2015, she has been offering Point, a small machine similar to a micro-entrepreneur similar to PagSeguro's Minizinha.

E-commerce in the financial market

According to industry experts, this move of major e-commerce players to turn to the financial products industry makes sense. Although many consumers are still using financial products via smartphones and tablets.

These novelties therefore follow the free market in November and received authorization from the Central Bank to become a payment institution. In addition, the financial services offered by the corporation were operated in partnership with financial institutions.

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