dLocal Expands Emerging Markets Payments Platform in the Caribbean, LATAM

3 min. read

Emerging market payments leader enables its merchants to accept and distribute local payments in Costa Rica, Panama, and the Dominican Republic.

San Francisco, CA, October 8, 2020 – dLocal, the leading cross-border payment platform connecting global merchants to emerging markets, today announced it has expanded its payments network to include three markets in Latin America and the Caribbean: Costa Rica, Panama, and the Dominican Republic.

Leveraging a proprietary and flexible API-based payments technology platform, dLocal now supports over 300 local payment methods in 23 emerging market countries, including the top five emerging markets in the world by population (Brazil, China, India, Indonesia, and Mexico). Merchants integrate just once to dLocal’s API to accept payment in any of the 23 countries where dLocal operates across LATAM, APAC, Middle East and Africa and can do so without a physical presence. This expansion comes less than a month after dLocal secured $200 million in new funding to become one of Latin America’s best funded venture-backed companies. dLocal is using this funding to aggressively add more than 13 markets to its coverage in the next 18 months.

dLocal’s recent expansion includes the following payment methods:

“The payments infrastructure in regions such as Latin America and the Caribbean is often complex and fragmented,” said Michel Golffed, VP of Growth 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 Costa Rica, Panama, and the Dominican Republic to the growing list of countries available to our clients.”

The addition of Costa Rica, Panama, and the Dominican Republic expands the total reach available to dLocal’s 450 clients to an estimated 2.3 billion consumers. dLocal serves clients across a variety of primarily online-based business verticals, including e-commerce, SaaS, digital media, sharing economy & marketplaces, travel & tourism, and financial services companies.

About dLocal

dLocal is a leading cross-border payment platform founded upon the mission of closing the payments innovation gap that exists between developed countries and emerging economies. Its 360°, single-API platform is designed to handle and facilitate mass online payments across Latin America, APAC, the Middle East, and Africa. By operating as a merchant’s local payments processor in each country, dLocal empowers global merchants to reach billions of customers, accept payments, send payouts, and settle funds globally.

More than 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. dLocal’s customers include Amazon, Avast, Banggood, Booking.com, Constant Contact, Didi, DropBox, GoDaddy, MailChimp, TripAdvisor, Uber, Wikimedia, and Zara, among others. Please visit https://dlocal.com/ for more information.

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