Updated October 13, 2026 · VaultCue Editorial Team
Halyk Bank vs Mercado Pago
Halyk Bank
Mercado Pago
Higher score in this comparison
Halyk Bank vs Mercado Pago: the differences
| Compare | Halyk BankReviewSee alternativesSee alternatives | Mercado PagoReviewSee alternativesSee alternatives |
|---|---|---|
| Monthly fee | KZT 0 | R$0 |
| Transfer fee | 0.1% (minimum USD 3) | Free |
| Currencies | Not confirmed | 2 |
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Key differences
- Mercado Pago is available in 2 more countries.
- Support channels: only Halyk Bank offers Email.
Our verdict on each
Halyk Bank
Halyk Bank provides a fixed account that opens and manages balances through the Halyk app with online top up and partial and cash withdrawal functions. It suits people who want app centred control with automatic prolongation that passes matured balances onward.
Mercado Pago
Mercado Pago pays a headline rate of 105% on money that stays usable at any time, with a monthly fee of BRL 0 and a minimum deposit of BRL 0, which suits businesses and teens who want a balance that earns while it sits. The rate is variable, so the return can move.
Score breakdown
| Area | Halyk Bank | Mercado Pago |
|---|---|---|
| Cost | Not confirmed | 9.3A monthly fee of BRL 0 and a minimum deposit of BRL 0 on an easy access account. |
| Offer | 9.2 | 9.2A headline rate of 105% on money that stays available, credited on business days with no minimum balance. |
| Trust | 9.8 | Not confirmed |
How they place
| Ranking | Halyk Bank | Mercado Pago |
|---|---|---|
| Savings accounts | 1083 of 1420 | 150 of 1420 |
| Money transfer services | 1007 of 1564 | 114 of 1564 |
| Online banks | 295 of 402 | 35 of 402 |
Every fact side by side
| Fact | Halyk Bank | Mercado Pago |
|---|---|---|
| Audience | Not confirmed | Business, Teen |
| Pricing model | No monthly fee | No monthly fee |
| Features | Digital only | Digital only |
| Legal entity | Halyk Bank JSC | Mercado Pago Instituicao de Pagamento Ltda. |
| Headquarters | Kazakhstan | Brazil |
| Founded | 1923 | Not confirmed |
| Support channels | Email, Phone, Help centreCovers more | Help centre, Phone |
Savings
| Fact | Halyk Bank | Mercado Pago |
|---|---|---|
| Headline rate | Not confirmed | 105% |
| Rate type | Fixed | Variable |
| Term | 6 to 12 months | Not confirmed |
| Minimum deposit | KZT 1,000 | R$0 |
| Access terms | Opened and managed in the Halyk app; online top-up 24/7; partial withdrawal allowed; online withdrawal with no commission; cash withdrawal 24/7; monthly interest with or without capitalisation; automatic prolongation 3 times, then moved to the depositor's account | Money usable at any time, no IOF, accrues daily on business days, no minimum balance |
| Account kind | Fixed | Easy access |
Money transfer
| Fact | Halyk Bank | Mercado Pago |
|---|---|---|
| Delivery time | 15 minutes to 1 day | Instant |
| Payout methods | Bank, Wallet, Card | Not confirmed |
| Fee to send 1,000 | $3 | ARS 0 |
Where each stands against the rest
| Fact | Halyk Bank | Mercado Pago | Median |
|---|---|---|---|
| Currencies | Not confirmed | 2lowest quarter | 5 |
Median across 536 listed accounts.
Pros and cons
Halyk Bank
Pros
- Opens and manages a fixed account inside the Halyk app.
- Supports online top up with partial withdrawal plus online and cash withdrawal options.
- Provides automatic prolongation that transfers balances to the depositor account afterwards.
Mercado Pago
Pros
- A headline rate of 105%, placed 1 of 473 on headline rate here.
- A monthly fee of BRL 0 and a minimum deposit of BRL 0, so nothing is listed to pay for holding the balance.
- Money stays usable at any time, accrues daily on business days, with no IOF charged on the balance.
Cons
- The rate is variable, so the return can move rather than being set in advance.
- Support runs on help centre and phone only, a narrower set of routes than a branch counter.
- The account is digital only, so there is nothing to visit in person.
Who each suits
Halyk Bank
Who it suits
- Savers who prefer app centred account management
- People who want structured savings with withdrawal flexibility
Mercado Pago
Who it suits
- Businesses that park sales money in the account and want it to earn between payments.
- Teen users opening a first account: the audience is listed as business and teen and the minimum deposit is BRL 0.
- Anyone who needs a balance that can be spent on the same day it accrues interest.
Who should look elsewhere
- PayPal Colombia, listed at 3.3% on headline rate, for anyone who wants a far lower advertised figure.
- Readers who want a rate fixed in advance, since the rate here is variable. Plazo ES lists 24.19% and AXI Card Tarjeta y Credito 21.59% for a side-by-side check.
Current offers
Halyk Bank
Current offer
Bonus
Halyk Bonus Digital payment bonuses: Bonuses (cashback) on payments in the Halyk app and at Halyk POS terminals
Pay by Halyk QR, Apple Pay, Samsung Pay or Google Pay at Halyk POS terminals, or pay in the Halyk app (excluding transactions where only bonus payment is available); bonus accrual has special terms; plastic card ordered from the app is delivered free of charge
Source, checked September 26, 2026
Mercado Pago
Current offer
Bonus
Cofrinhos yield 120% of CDI with Meli+: 120% of CDI on Cofrinhos
Active Meli+ subscription; Cofrinhos are part of the Mercado Pago account
Source, checked September 26, 2026
Country by country
| Country | Halyk Bank | Mercado Pago |
|---|---|---|
| Argentina | No | Yes |
| Brazil | No | Yes |
| Kazakhstan | Yes | No |
| Mexico | No | Yes |
Questions about each
Halyk Bank
What does Halyk Bank offer for everyday saving?+
Halyk Bank provides a fixed account that opens and handles activity through the app. Online top up adds funds while partial withdrawal keeps access flexible. Online and cash withdrawal routes handle outgoing funds within the account structure.
How does app access work for this account?+
Opening and ongoing management take place in the app for everyday control. Top up happens online while partial withdrawal remains available during the placement. Withdrawal can proceed online or as cash depending on need.
Mercado Pago
What rate does Mercado Pago pay on the balance?+
The account pays a headline rate of 105%. The rate type is variable, so the figure can move rather than staying set for a term. Interest accrues daily on business days and the money remains usable at any time.
Is there a monthly fee to pay?+
The monthly fee is BRL 0 and the pricing model is no monthly fee, so there is no recurring charge to keep an eye on. Money also leaves without a listed charge, at ARS 0 per transfer.
Other options to compare
Other matchups
Related by the facts
Halyk Bank
Mercado Pago