The virtual wallet has a tool for users to invest money in Mercado Pago.
Market Payment It is a virtual wallet that has various functions, such as making transfers, depositing money and requesting loans, as well as paying bills and services.
It also has functions such as load the SUBE card and allows users from 13 years of age. On the other hand, it allows Payments via QR codes without the need to use physical money, prepaid card, and investment options.
The virtual wallet app also has a feature called Market Fund, a mutual fund which is composed of different types of financial assets, such as Fixed-term deposits, stock guarantees and remunerated accounts.
Market payment transfers.jpg
Investing money in the virtual wallet can be a good way to make your own income work, since it is an accessible alternative, with little risk and very simple to handle.
How much does $500,000 invested in Mercado Pago yield?
First, it is necessary to know that the percentage of the annual interest rate (AER) to invest is currently 33.8%However, this number can fluctuate daily.
In case of investing $500,000, it would generate $463 per day. This in the long term would mean $14,079 in one monththat is, $514,079 within a period of 30 days. Likewise, after a year, profits of $200,961 could be obtained, which would end with $700,961 in 12 months.
Source: Ambito
