dLocal, an award-winning fintech company that specializes in cross-border payments for emerging markets, announced on Tuesday it launched Marketplace Payments, a new payments product designed specifically for marketplaces whose buyers or sellers are based in emerging markets.
With dLocal’s Marketplace Payments, companies can easily enable their sellers to expand their reach into high-growth emerging markets in Latin America where e-commerce and m-commerce usage is on the rise, but penetration of international credit cards is low. With just one click, marketplace sellers can add over 200 locally relevant payment methods into their check-out flows and immediately start selling online to local customers. DealeXtreme and LightInTheBox are the first two global marketplace companies to add dLocal’s new plug-and-play solution to their payments suite, enabling them to easily accept all the local payment methods in Latin America. Sebastian Kanovich, CEO of dLocal, stated:“Payments in emerging markets are fragmented and complex, and large marketplaces that sell online services face challenges providing a simple, yet comprehensive payment solution to their sellers. We aim to make mass payments in emerging markets a better process, and are excited to continue making ecommerce a truly global experience by leveling the playing field for consumers and businesses in emerging markets.”
dLocal’s Marketplace Payments is a PCI DSS compliant, API-based solution. It covers Argentina, Brazil, Chile, Colombia, Czech Republic, Estonia, Hungary, Latvia, Lithuania, Mexico, Peru, Poland, Slovakia, Slovenia, Turkey, and Uruguay, and supports all country-specific payment methods, including local credit and debit cards, bank transfers, and cash payments. The company added that additional countries will be added in the future.