Sidenote: I also own some MELI (not as much as STNE but still) I have the answer to your question down, but I want to reiterate and stress how raw and virgin payment market in South America is. There is room for quite a few companies.
Answer: They can be considered competitors in some manners but not really. Iād let MELI head of investor relations, Federico Sandler answer this and Iāll just write down some quotes:
- āThey are a company we admire very muchā
- āThey are much faster, better technology, their sales force is very capableā
- āWhen you look at the payment spectrum, we are actually customers to Stone by the wayā
