Mercado Libre (NASDAQ: MELI ), an Argentinian powerhouse at the intersection of e-commerce and fintech, continues to thrive while its peers falter. Its recent release reveals a rather buoyant second quarter, with a GAAP EPS of $5.20 outperforming market expectations by 88 cents. Revenue surged to $3.42 billion, for a robust 32.0% leap year-over-year, eclipsing forecasts by $150 million. The figures speak volumes, which include a staggering $42.1 billion in total payment volume (up a remarkable 96.6% YoY on an FX neutral basis) and gross merchandise volume of $10.5 billion (reflecting a solid 47.2% bump YoY).