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Mercado Libre operates under five main business units. MarketPlace is its platform for users to sell products, Mercado Pago is its payment platform for online sales, [5] Mercado Publicado is the advertising portion of Mercado Libre, Mercado Shops is a tool designed to enhance the platform's overall ecosystem, [35] and Mercado Crédito is the company's credit line.
Banque Heritage Uruguay [3] [4] ABN AMRO: Banco Santander Uruguay [5] Banco Surinvest: Banque Heritage Uruguay [6] Crédit Uruguay Banco (formerly Banco Acac) Banco Bilbao Vizcaya Argentaria Uruguay [7] Discount Bank (Latin America) Scotiabank Uruguay [8] Nuevo Banco Comercial: Scotiabank Uruguay
Over time, Uruguay developed into a large offshore banking center for Argentina and Brazil, largely as a result of its lax banking laws and the predominant view among Argentines that Uruguay was a stable place for their savings. As a result of the banking crisis, some US$800 million went missing from the BCU alone.
The FIAB held its General Assembly in Uruguay twice, in 1988 and 2008. It is also a member of the Americas' Central Securities Depositories Association (Asociación de Depósitos Centrales de Valores de América, ACSDA), a non-profit organization based in Lima , Peru , consisting of securities depositories and clearing houses in the Americas.
Wireless Internet service has also provided city Internet users with some degree of choice in a country where private companies have not been allowed to offer wired alternatives (e.g. cable TV Internet, fiber to the home) to the state-operated ADSL service. [citation needed] Dedicado is a local wireless ISP. It appeared before or about at the ...
The Central Bank of Uruguay was established on July 6, 1967 as an autonomous state entity (Spanish: Ente Autónomo), with the passing of the 196th article of the Constitution of 1967. [2] Prior to the creation of the BCU, the issuing of currency and managing and supervising of the banking system was handled by the department of the Banco de la ...
Banking Services. Banking has traditionally been one of the strongest service export sectors in the country. Uruguay was once dubbed "the Switzerland of America", mainly for its banking sector and stability. The largest bank in Uruguay is Banco República, or BROU, which is state-owned; another important state bank is the BHU. Almost 20 private ...
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