MEXICO CITY, May 21 (Reuters) - Latin American

e-commerce giant MercadoLibre's ( MELI ) fintech arm, Mercado Pago, said

on Tuesday it could take one to two years to obtain a banking

license it is seeking in Mexico, the region's second-largest

economy.

Mercado Pago's Mexico director Pedro Rivas said this time

frame would run from the start of the application toward the end

of the summer, as the fintech seeks to become the country's

largest digital bank.