MercadoLibre provides fulfillment and digital advertising services to merchants, which simplifies logistics and helps them engage buyers. In fact, its logistic business (Mercado Envios) handled 91% of shipping volume in the second quarter, and 80% of that volume arrived within 48 hours. On the fintech side, its credit business (Mercado Credito) provides working capital loans to merchants, personal loans to consumers, and credit cards. Mercado Credito's credit portfolio expanded 230% in the second quarter.