SAO PAULO, May 28 (Reuters) - Latin American e-commerce giant MercadoLibre MELI.O said on Wednesday its fintech unit Mercado Pago will apply for a banking license from the central bank of Argentina.
In a statement, Mercado Pago said the move is aimed at expanding "service offering within its 100% digital model," noting it was also part of a regional strategy already underway in other key markets such as Brazil and Mexico.
(Reporting by Andre Romani; editing by Gabriel Araujo)
((Andre.Romani@thomsonreuters.com; 11 991314109;11 56447500;))
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