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mercado libre MercadoLibre , Inc. Reports First Quarter 2021 Financial Results Net Revenues of $ 1.4 billion , up 158.4 % year - over - year on an FX neutral basis $ 14.7 billion Total Payment Volume , up 129.2 % year - over - year on an FX neutral basis $ 6.1 billion Gross Merchandise Volume , up 114.3 % year - over - year on an FX neutral basis AIRES , Argentina , May 5th , 2021 ( GLOBE NEWSWIRE ) MercadoLibre , ( Nasdaq : MELI ) ( http://www.mercadolibre.com ) , Latin America's leading e - commerce technology company , today reported financial results for the quarter ended March 31 , 2021 . BUENOS -- Inc. Pedro Arnt , Chief Financial Officer of MercadoLibre , Inc. , commented , " Our financial results were once again marked by accelerated growth due to strong demand for e - commerce and FinTech services within an improving but still challenging environment . Online consumption remained strong and we experienced favorable consumer trends . Online consumption throughout remained strong and we experienced favorable consumer trends as digital services share of wallet continue to grow . Our solid quarterly performance illustrates our commitment to executing our long - term strategic priorities as we remain focused on our purpose of democratizing access to commerce and money in Latin America , recognizing the important economic role we play in the countries where we operate . " First Quarter 2021 Business Highlights • Unique active users grew by 61.6 % year - over - year , reaching 69.8 million . • • • • Gross merchandise volume ( " GMV " ) grew to $ 6.1 billion , representing an increase of 77.4 % in USD and 114.3 % on an FX neutral basis . Successful items sold reached 222.0 million , increasing by 110.2 % year - over - year . Live listings offered on MercadoLibre's marketplace reached 299.5 million . Mobile gross merchandise volume grew by 215.7 % year - over - year on an FX neutral basis , reaching 72.9 % of GMV . Mercado Envios shipped 208.1 million items during the quarter , representing a 130.7 % year - over - year increase . Total payment volume ( " TPV " ) through Mercado Pago reached $ 14.7 billion , a year - over - year increase of 81.8 % in USD and 129.2 % on an FX neutral basis . Total payment transactions increased 116.7 % year - over - year , totaling 630.1 million transactions for the quarter . Off - platform TPV grew 82.5 % year - over - year in USD and 136.4 % year - over - year on a FX neutral basis , reaching $ 8.5 billion , while payment transactions reached 478.9 million , a year - over - year increase of 120.4 % . Online Payments TPV grew 138.8 % year - over - year on an FX neutral basis . MPOS continued its recovery towards pre - COVID levels , reaching 90.2 % year - over - year growth on an FX neutral basis . Mobile Wallet delivered $ 2.9 billion in Total Payment Volume on a consolidated basis , leading to a 192.0 % year - over - year growth on an FX neutral basis . Our asset management product , Mercado Fondo , has over $ 650 million under management and almost 16.0 million users across Latin America . Mercado Credito's portfolio grew to $ 576 million , more than doubling its size compared to the first quarter of 2020 . 1