Mercado Pago, from the article, represents a merchant processor, and certain consumer services. However I think the big change in Brazil is Pix, offered by the

Mercado Pago, from the article, represents a merchant processor, and certain consumer services. However I think the big change in Brazil is Pix, offered by the central bank. It allows instantaneous bank transfers for most cash accounts. The fees are 0 or nearly 0. As far as I understand, Mercado Pago's big thing is installment plans. You can buy almost anything in Brazil "em ate 12x sem juros" or up to 12 installments without fees.