In brief: Mercado Pago pushes payment initiation in Brazil

Mercado Pago, the payments arm of the Mercado Libre financial company, is preparing to make the PIX payment initiation tool developed by the Central Bank of Brazil available to the more than 10 million sellers who use its services in the coming days. By making the act of payment more fluid, the company hopes to increase the number of online shopping carts that turn into sales.