Mercado Pago Empresas vs Memo Bank.
Mercado Pago Empresas (M69/100) and Memo Bank (M56/100), 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 Empresas leads Memo Bank 7-2.
| M Memo Bank №59 · ACPR 56 /100 | M Mercado Pago Empresas №38 · BACEN 69 /100 | |
|---|---|---|
| Score | ||
| Composite score Out of 100 | 56 /100 | 69 /100 |
| Fees | ||
| Monthly fee Cheapest paid tier (€0 if free) | €449 /mo | €0 Free tier |
| FX markup Debit card abroad | 0.50% | 2.50% |
| Free FX / month EUR equivalent | €0 | €0 |
| Free ATM Before fee kicks in | — | — |
| Protection | ||
| Banking licence Tier | E-money inst. ACPR | Partner-bank BACEN |
| Deposit guarantee Per depositor | Safeguarded EU.DGS.FR | €250,000 BR.FGC |
| Reach | ||
| Markets served Licensed jurisdictions | 1 country | 7 countries |
| Crypto Coins available | No | 3 coins |
| Stocks & ETFs Self-directed | No | Yes |
| UX | ||
| Trustpilot Customer score | 4.6 ★ 0k reviews | 3.5 ★ 30k 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 Empresas if…
The LATAM SMB-and-merchant payments platform with the deepest marketplace integration in the region — integrated with MercadoLibre / Mercado Livre, the largest e-commerce marketplace in Latin America. Multi-country coverage (BR, AR, MX, CO, CL, UY, PE) plus the marketplace network effect makes Mercado Pago Empresas the structural default for any LATAM-operating SMB that touches the MercadoLibre ecosystem. Free business account + card-acceptance terminals (Point) + online payment gateway + working-capital loans (Mercado Crédito) underwritten on platform sales data — the structural answer for any SMB selling on Mercado Livre / Mercado Libre marketplaces and the default e-commerce checkout across BR / AR / MX / CO / CL. Payment-institution model (not a bank), so customer funds are NOT FGC / national-DGS protected. Parent MercadoLibre (NASDAQ: MELI) is the dominant e-commerce + fintech platform across LATAM.
- Best for fees Tied
- Best for protection Mercado Pago Empresas won 1 of 2
- Best for reach Mercado Pago Empresas won 3 of 3
- Best for ux Tied
Mercado Pago Empresas vs Memo Bank — FAQ
Quick answers to the four questions the search-bar asks most about a head-to-head.
Is Memo Bank better than Mercado Pago Empresas?
Under our v3 methodology, Mercado Pago Empresas leads Memo Bank 7–2 across 12 dimensions. Composite scores: Memo Bank 56/100 vs Mercado Pago Empresas 69/100. Mercado Pago Empresas 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 Empresas cheaper?
Monthly fee — Memo Bank: €449; Mercado Pago Empresas: €0. Card FX markup — Memo Bank: 0.50%; Mercado Pago Empresas: 2.50%. Tied across fee rows. See the Fees section of the matrix above for ATM caps and the rest.
Which is safer for deposits, Memo Bank or Mercado Pago Empresas?
Memo Bank holds a E-money inst. licence under ACPR; deposit guarantee per depositor: Safeguarded. Mercado Pago Empresas holds a Partner-bank licence under BACEN; deposit guarantee per depositor: €250,000. Mercado Pago Empresas is the stronger pick on regulatory protection.
Where can I use Memo Bank and Mercado Pago Empresas?
Memo Bank operates in 1 country; Mercado Pago Empresas operates in 7 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?
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