“It’s no secret that marketplace giant Mercado Libre has been busy scaling its logistics operations and partaking in a large share of Latin America’s e-commerce. In the process, its fintech arm, Mercado Pago , has also been growing. Thus, multiple traditional banks have noticed and are taking cards in the matter.  They’ve recently come together to launch Pay Digital, a company in Argentina. This fintech is building an e-wallet called “ Dimo ” (Dinero Móvil) that will compete with Mercado Pago and even fintechs. Pay Digital also already has over 20 public and private banks registered to connect with its system.”