Amazon Rolls Out 15-Minute Grocery Delivery in São Paulo as MercadoLibre Pago Reaches 78M
Amazon launched its 15-minute grocery delivery service in São Paulo on March 3, planning rollouts to seven more cities by March 9 and charging non-Prime customers 5.49 reais per order. MercadoLibre’s Mercado Pago has 78 million active users and a 90% credit portfolio increase, with shares trading at a 3x price-to-sales ratio.
1. Amazon Now Launch in São Paulo
Amazon launched its Amazon Now service on March 3 in São Paulo, offering 15-minute delivery of groceries and everyday essentials. The company plans phased expansion to seven additional cities by March 9, partnering with Rappi and providing free delivery for Prime members and 5.49 reais fees for non-Prime customers.
2. MercadoLibre’s Pago Growth and Valuation
MercadoLibre’s Mercado Pago platform has reached 78 million monthly active users and recorded a 90% year-over-year increase in its credit portfolio. Shares trade at a 3x price-to-sales ratio, well below the five-year average of 6.8x, highlighting potential valuation upside.