dLocal Introduces Invoice Collection to Optimize Cross-Border Invoice Payment Collection
The Invoice Collection solution assists merchants’ finance, reconciliations, and admin departments from a single platform, making invoice collection as smooth as possible
MONTEVIDEO, Uruguay — June 22, 2023 — dLocal, a technology-first payments platform enabling global enterprise merchants to connect with billions of consumers in emerging markets, announced a new addition to its product suite: Invoice Collection. The new solution supports the B2B payment process from start to finish by enabling payment in local currencies.
Processing payments and expatriating funds in emerging markets can be challenging and complex due to local regulations, market instability and volatility, and currency fluctuations. The dLocal Invoice Collection Solution solves the complexity of B2B payments for merchants by relying on dLocal’s infrastructure to access different payment methods and foreign exchange markets, manage currency volatility, enable local payment options, comply with regulations, and ensure the processing, expatriation and settlement of funds. The dLocal Invoice Collection Solution allows merchants’ end customers to choose local currency while dLocal seamlessly transfers the funds to the merchant’s own currency of origin.
By offering invoice payment support, dLocal assists all departments involved with transactions, not just payments. This update assists the merchants’ finance, reconciliations, and accounts receivable departments from a single platform, making invoice collection as smooth as possible and still providing each department and user with a specific access cut out for their needs.
“Our no-code tools can handle the unique taxes of each country. Merchants rely on dLocal’s payment infrastructure to allow their customers to pay invoices using local currency, as opposed to remitting invoice payments in U.S. dollars as they typically do.” said Federico Mazzoli, VP of product, dLocal. “By providing a holistic end-to-end payment solution, we are enabling accounts receivable teams to manage payments in more than 40 complex countries from one single place.”
The dLocal Invoice Collection Solution is generally available and can be deployed immediately, with no need for coding. However, there is an option to create a customized workflow.The new product allows the payment to be merchant or customer initiated, allowing global enterprises to effortlessly collect payments from their largest paying customers in local currency in emerging markets.
About dLocal
dLocal powers local payments in emerging markets, connecting global enterprise merchants with billions of emerging market consumers across Africa, Asia and Latin America. Through the “One dLocal” concept (one direct API, one platform, and one contract), international companies can accept payments, send pay-outs and settle funds globally without the need to manage separate pay-in and pay-out processors, set up numerous local entities, integrate multiple acquirers and payment methods in each market.
For more information, visit https://dlocal.com.