dLocal expands BNPL Fuse, unlocking transparent financing for 500m buyers in emerging markets
One integration now screens eligibility, improves approvals, and surfaces affordable payment options earlier in the buying journey without revolving debt exposure for buyers or credit risk for merchants.
Montevideo, Uruguay — June 9, 2026 dLocal (NASDAQ: DLO), the leading payments platform for emerging markets, today announced the expansion of BNPL Fuse, its Buy Now Pay Later infrastructure for global merchants operating across Latin America, Africa, the Middle East, and Asia.
The enhanced solution adds an active intelligence layer: eligibility screening before checkout, payer data enrichment to improve approval rates across the provider network, and checkout optimization that reduces friction at the moment of payment.
Two additional capabilities extend Fuse further: centralized refund orchestration, which enables one consistent refund policy across all providers and markets, and subscription revenue unlock, which allows merchants offering annual plans to replace 12 monthly billing events with a single BNPL-financed approval, eliminating involuntary churn and capturing full contract value on day one.
Together, these layers drive measurable conversion performance gains in every market Fuse operates in, turning BNPL access into BNPL performance.
A structural payment gap, not a product one
For global merchants expanding into emerging markets, the payment challenge is structural. Most potential buyers have never held a credit card. Take the case of South Africa: 90.3% of consumers have no access to one. Or Latin America, where the figure is around 60%. What is worse, when flexible payment options are not offered at checkout, up to 66% of leads walk away, not because they don't want to buy, but because they have no way to pay.
For merchants trying to offer BNPL at scale, the status quo meant a separate contract, integration, and compliance process for every provider in every market. Fuse eliminates that entirely – one API, same integration, access to local BNPL providers across emerging markets, with dLocal handling licensing, compliance, and settlement in each one.
Beyond scale, Fuse is designed to protect both sides of the transaction. Unlike revolving credit products that can expose consumers to open-ended balances and compounding interest, BNPL through Fuse is structured as fixed-term installment financing with clear repayment schedules established upfront by local providers, who also manage the credit relationship. Merchants receive full payment upfront. Buyers get purchasing power without long-term debt exposure.
New providers now live include Didi (Mexico) and Addi (Colombia), with Aplazo and Venti coming to market shortly. Coverage spans Argentina, Mexico, Brazil, Egypt, South Africa, Saudi Arabia, and Malaysia, with Colombia, Chile, and UAE in the pipeline.
"Merchants expanding into emerging markets don't lose buyers at the payment step because of the product," said Duncan Steblyna, Senior Vice President of Product at dLocal. "They lose them because the payment infrastructure wasn't built for these markets. BNPL Fuse started by solving the access problem. Now it solves the performance problem. Every transaction through the network builds the intelligence layer that makes approvals smarter and conversion higher over time. That's what it means to move from aggregator to orchestrator."
A clear example of this is South Africa. BNPL ticket sizes there run 60–330% higher than card transactions across categories, from 61.4% uplift in fast fashion to 328% in high-volume marketplace verticals. Between 52% and 81% of BNPL buyers had no prior card transaction with the same merchant, representing incremental revenue that would not have existed otherwise.
Active checkout optimization compounds those results. By resolving multi-login friction on Android devices to a single step, dLocal delivered a conversion rate increase of up to 144% for a live merchant integration.
Within months of launch, BNPL reached 6.7–19.9% of total transaction volume for merchants in the market.
Globally, BNPL Fuse has grown at ~20% month-over-month over the last 12 months, reaching USD$18.9M in processed volume in March 2026. A compounding trajectory that reflects product-market fit across markets, not a one-time result.
In emerging markets, BNPL is no longer just a local payment method. It's a revenue channel. dLocal's infrastructure makes that possible — and smarter over time, turning market access into measurable performance at scale.
About dLocal
dLocal builds financial technology for markets of the future, connecting global enterprises with billions of consumers across high-growth markets in Africa, Asia, the Middle East, and Latin America. Through the "One dLocal" concept (one direct API, one platform, and one contract), global companies can accept payments, send payouts, and settle funds globally without the need to manage multiple local entities and integrations. For more information, visit www.dlocal.com.
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