Update: New Pope Hails from Argentina

Update: New Pope Hails from Argentina

March 13, 2013 Updated Mar 13, 2013 at 2:26 PM CDT

(NBC News) The new Catholic Pope has been announced at St. Peter's Basilica.

Cardinal Jorge Mario Bergoglio from Argentina has been announced as the new pontiff after white smoke was seen billowing from the Sistine Chapel.

Cardinal Bergoglio has taken the name Pope Francis I.

The announcement of the new Pope came after two days of voting inside the Sistine Chapel.

Cheers, shouts and applause erupted from the soaked crowd that had gathered in St Peter's Square despite torrential rain to await the decision of the 115 cardinal-electors.

The smoke came on the second day of behind-closed-doors voting and marked the beginning to a new era for a church combatting scandal and internal strife.

The papal election follows the abdication of Pope Benedict XVI on Feb. 28.

Read the NBC News coverage HERE.