Will WhatsApp Partnership Boost MercadoLibre's Earnings?

MarketBeat.com – MarketBeat

Latin American e-commerce specialist MercadoLibre Inc. (NASDAQ: MELI) has only trended lower in 2022, and a new partnership could boost the stock.

Earlier this month, the chief financial officer of the Argentina-based company told Reuters that MercadoLibre would begin processing business payments for WhatsApp users. 

WhatsApp, owned by Meta Platforms Inc. (NASDAQ: META), offers free multiplatform messaging capabilities. Not well known in the U.S., but it’s popular worldwide among family members, friends, and business associates who live in different countries.  

While users have long had access to functionality, including making text messaging and voice and video calls, payment

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