News from the Wire

dLocal, Shopify expand localized payments, helping SMBs win emerging market share

Tuesday, May 12, 2020 — 08:16:46 (EDT)

San Francisco, CA, May 12, 2020 — dLocal, an award-winning fintech company that specializes in cross-border payments for emerging markets, today announced it has partnered with Canadian e-commerce company Shopify to enable its SMB merchants to offer local payments methods in more than 19 currencies. Shopify develops computer software for online stores and retail point-of-sale systems.

The partnership allows international e-commerce merchants the ability to accept local payment methods in emerging markets through dLocal’s payment processing network. dLocal's integration with Shopify enables merchants to bypass the typically time-consuming setup through a payment gateway and gain real-time syncing and business management capabilities.

“Having the ability to accept local payments will open e-commerce SMB merchants up to new business and help them deliver a positive customer experience online without unnecessary payment processing lag,” said Rodrigo Sánchez Prandi, VP Product at dLocal. “We are pleased to be able to offer localized payments to better meet the needs of the people who live in emerging markets and the businesses looking to grow and expand in these areas.”

“We are honored to join the Shopify ecosystem, that now consists of over one million businesses in more than 175 countries. Shopify has empowered independent business owners to achieve economic prosperity, and we look forward to helping those businesses further expand their reach into high-growth markets,” added Prandi.

The integration is now live and Shopify customers can effortlessly start accepting local payments methods in local currency in any of dLocal’s 19 emerging market countries across LATAM, APAC, Middle East and Africa, which include Argentina, Bangladesh, Brazil, Bolivia, Chile, China, Colombia, Ecuador, Egypt, India, Indonesia, Mexico, Morocco, Nigeria, Paraguay, Peru, South Africa, Turkey, and Uruguay.

To learn more about dLocal’s integration with Shopify, click here. About dLocal dLocal (dlocal.com) is the only 360 payments platform designed to handle mass online payments in Latin America and other emerging countries across APAC, Middle East and Africa. With dLocal’s single API platform, there is no need to manage separate payin and payout 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 merchant’s local payments processor in each country, dLocal makes it simple for online companies to reach 2.3 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. Some of dLocal's customers include Avast, Banggood, Booking.com, Constant Contact, Didi, DropBox, GoDaddy, MailChimp, TripAdvisor, Uber, and Wikimedia. Visit dlocal.com for more information.

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Source: Company press release.