dLocal delivers a 20% increase in approval rate in Latin America for Nuvemshop
The eCommerce platform integrates dLocal to process payments for their 90,000 online stores
Montevideo, Oct 7th, 2021 – dLocal, a technology-first payments platform enabling global enterprise merchants to connect with billions of consumers in emerging markets, today announced that Nuvemshop, the Latin-American eCommerce platform, experienced a 20% increase in transaction conversion rates as they implemented dLocal’s Marketplace solution.
dLocal offers seamless payments for marketplaces’ sellers and ecommerce platforms’ merchants that want to expand into emerging markets. In many instances, international sellers do not have local accounts in emerging markets and cannot sell their products or services on the marketplace’s local site, as they cannot collect funds. dLocal collects the funds locally under the preferred payment method from the end-user and then disburses the funds to the international seller’s preferred location.
Through the One dLocal concept – one API, one platform, one contract – Nuvemshop enables its merchants to accept hundreds of local payment methods from their shoppers. The simplicity provided by dLocal removes the hassle of integrating multiple payment options and gives merchants peace of mind to grow their customer base.
“If you want to accelerate ecosystem growth, you have to choose a partner with a large footprint and experience in emerging markets. For merchants using Nuvemshop, we are proud to continue integrating payment partners such as dLocal, whom we trust to deliver powerful solutions,” says Leandro Bertalot, Director of Platform Development & Ecosystem at Nuvemshop.
“The positive results in acceptance rates reflect the robustness of dLocal technology,” said Michel Golffed, dLocal’s SVP of Growth. “Payments are still a web of complexity in regions such as Africa, Asia, Latin America and the Middle East. As a payments orchestration platform provider, we simplify the process by offering frictionless, low-value, high-volume payments and mass payouts across multiple geographies. This way, merchants can run a smooth operation with reconciliation designed for users who are both payers and payees,” added Golffed.
Nuvemshop’s partnership with dLocal started in Argentina, and will soon expand to Mexico and Brazil, Latin America’s most prominent eCommerce markets.
dLocal powers local payments in emerging markets connecting global enterprise merchants with billions of emerging market consumers across Africa, Asia, Latin America and the Middle East. Through the “One dLocal” concept (one API, one platform, one contract), global companies can accept payments, send pay-outs, settle funds globally, and issue white label prepaid virtual and physical debit cards in local currencies, without the need to manage separate pay-in and payout processors, set up numerous local entities, and integrate multiple acquirers and payment methods in each market.
Nuvemshop is Latin America’s leading eCommerce platform that is committed to empower and motivate all entrepreneurs to transform their passions into thriving businesses. With over 90,000 merchants, it integrates products, payments, and shipping, as well as provides an ecosystem with more than 1,000 partners, such as Facebook, Instagram, marketplaces, and brick and mortar stores. The company currently has more than 600 employees and offices in Brazil, Mexico, and Argentina.