Memo Bank vs Mercado Pago.
Memo Bank (M72/100) and Mercado Pago (M50/100), scored on the same six pillars and compared row-by-row. Every cell is sourced from licence registers and live pricing pages, not opinion. Mercado Pago leads Memo Bank 6-4.
| M Memo Bank №31 · ACPR 72 /100 | M Mercado Pago №71 · BACEN 50 /100 | |
|---|---|---|
| Score | ||
| Composite score Out of 100 | 72 /100 | 51 /100 |
| Fees | ||
| Monthly fee Cheapest paid tier (€0 if free) | €449 /mo | €0 Free tier |
| FX markup Debit card abroad | 0.50% | Interbank |
| Free FX / month EUR equivalent | €0 | €0 |
| Free ATM Before fee kicks in | — | — |
| Protection | ||
| Banking licence Tier | Full bank ACPR | Payment inst. BACEN |
| Deposit guarantee Per depositor | €100,000 EU.DGS.FR | Safeguarded AR.SEDESA |
| Reach | ||
| Markets served Licensed jurisdictions | 1 country | 5 countries |
| Crypto Coins available | No | 4 coins |
| Stocks & ETFs Self-directed | No | Yes |
| UX | ||
| Trustpilot Customer score | 4.6 ★ 0k reviews | 1.5 ★ 18k reviews |
| App store iOS + Android avg | 4.5 ★ iOS 4.5 · And 4.4 | 4.7 ★ iOS 4.7 · And 4.6 |
| Read review → | Read review → | |
Pick Memo Bank if…
The French mid-market SME bank that fills the structural gap between Qonto (freelancer-and-SME-led, ACPR credit institution) and chartered legacy banks (BNP Paribas Business, Société Générale Business). Full ACPR credit-institution licence with DGS protection. Mid-market SME tier (€1M-100M revenue) is the target audience; API-first treasury + Pennylane integration is the SMB-tech moat.
Pick Mercado Pago if…
The dominant LatAm digital wallet by user count (~50M+ actives across AR, BR, MX, CL, CO). MercadoLibre subsidiary, public via NASDAQ: MELI. The high-inflation hedge play — Argentine yield product (Rendimientos) is a near-mandatory account for ARS holders.
- Best for fees Mercado Pago won 2 of 4
- Best for protection Memo Bank won 2 of 2
- Best for reach Mercado Pago won 3 of 3
- Best for ux Tied
Memo Bank vs Mercado Pago — FAQ
Quick answers to the four questions the search-bar asks most about a head-to-head.
Is Memo Bank better than Mercado Pago?
Under our v3 methodology, Mercado Pago leads Memo Bank 6–4 across 12 dimensions. Composite scores: Memo Bank 72/100 vs Mercado Pago 50/100. Mercado Pago is stronger overall, but the right pick depends on which row matters most to you — fees, protection, reach, or app quality.
Is Memo Bank or Mercado Pago cheaper?
Monthly fee — Memo Bank: €449; Mercado Pago: €0. Card FX markup — Memo Bank: 0.50%; Mercado Pago: Interbank. Mercado Pago wins more fee rows (2 of 4). See the Fees section of the matrix above for ATM caps and the rest.
Which is safer for deposits, Memo Bank or Mercado Pago?
Memo Bank holds a Full bank licence under ACPR; deposit guarantee per depositor: €100,000. Mercado Pago holds a Payment inst. licence under BACEN; deposit guarantee per depositor: Safeguarded. Memo Bank is the stronger pick on regulatory protection.
Where can I use Memo Bank and Mercado Pago?
Memo Bank operates in 1 country; Mercado Pago operates in 5 countries. Check each provider's signup page for the live country list — eligibility depends on residency, not just the licence footprint.
Want a 3- or 4-way comparison?
The dynamic compare picker handles up to four banks. Add this pair plus one or two more and we'll resolve every row.