dLocal, a U.S.-based cross-border payment platform, announced on Tuesday it has formed a new partnership with online lender Dinie to allow global merchants to offer installment payments to their customers in Brazil as a form of small business lending. According to dLocal, this collaboration will see the duo give small business customers a “wider choice” of payment options as well as more purchasing power at checkout.
dLocal further revealed that the partnership will allow Dinie Pay to be integrated within the dLocal payments platform, which streamlines the merchant onboarding process.
“Essentially, this means dLocal will enable merchants to use Dinie Pay hassle free, and with no further integration needed. Once a purchase is confirmed at the merchant’s checkout, the Dinie Pay option is presented and the SME customers can choose to split the payment into up to nine monthly installments.”
While sharing more details about the partnership, Rodrigo Sanchez Prandi, VP of Product at dLocal, stated:
“Dinie is complementing dLocal’s hyper local Brazilian payments solutions with capital accessibility to SMEs to pay for higher value business purchases and invest in their growth via improved technology and digital marketing. We enable global merchants to unlock new revenues and get paid upfront, frictionless and risk free.”
Suzy Ferreira, CEO and Founder of Dinie, added:
“Through one single integration to dLocal, Dinie will be able to connect to the world’s largest digital merchants and access millions of SME customers. Dinie will enable these customers to easily purchase online, make investments in technology and digital marketing, whilst ensuring their cash flow isn’t so heavily impacted since they have an opportunity to match their investment with the revenue they generate later.”