dLocal Expands Emerging Markets Payments Platform in APAC and LATAM
Cross-border payments specialist’s coverage now includes Indonesia, Ecuador, and Bolivia
San Francisco, July 3, 2019 / BUSINESS WIRE/ — dLocal, an award-winning fintech company that specializes in cross-border payments for emerging markets, announced today it has expanded its payments network to include Indonesia, Ecuador, and Bolivia.
Leveraging a proprietary and flexible API-based payments-technology platform, dLocal now supports over 300 local payment methods in 15 emerging market countries, including the top five emerging markets in the world by population (Brazil, China, India, Indonesia, and Mexico).
Following dLocal’s recent expansion:
- Merchants that wish to sell in Indonesia will now be able to accept online cash payments, credit card payments from Visa, Mastercard, JCB and American Express, E-Wallet payments from OVO and LinkAja, and bank transfers.
- Merchants that wish to sell in Ecuador will now be able to support credit and debit card payments from Visa, Mastercard, and credit card payments from Alia, through a partnership with Kushki, a digital payments platform.
- Merchants that wish to in Bolivia can now accept bank transfers in the country.
“Payments infrastructure in LATAM, APAC, and MENA is fragmented and complex,” said Sebastian Kanovich, CEO of dLocal. “Companies that enter these markets without the ability to accept locally-relevant payment methods are often unintentionally limiting their reach and hindering their growth. As part of our mission, we develop deep expertise in each local market we serve, and we’re pleased to add Indonesia, Ecuador, and Bolivia to the growing list of countries available to our clients.”
The addition of Indonesia, Ecuador, and Bolivia expands the total market available to dLocal’s 450 clients to an estimated $140 billion. dLocal serves clients across a variety of primarily online-based business verticals, including e-commerce, SaaS, digital media, travel & tourism, and financial services companies.
dLocal is the only 360 payments platform designed to handle mass online payments in Latin America and other emerging markets across APAC, Middle East and Africa. With dLocal, there is no need to manage separate pay-in and pay-out processors, set-up numerous local entities, integrate dozens of isolated acquirers and payment methods, worry about stranded funds overseas, nor undergo heavy operational burdens. By operating as the payments processor and merchant of record in each market, dLocal makes it simple for online companies to reach 2 billion digitally-savvy consumers in today’s fastest-growing markets. Over 450 global e-commerce retailers, SaaS companies, online travel providers, and marketplaces rely on dLocal to accept over 300 locally-relevant payment methods, as well as issue millions of payments to their contractors, agents, and sellers in growth markets around the world. Visit dlocal.com for more information.