Shopify pairs up with dLocal for local payment options

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Daniel Webber
Daniel Webber
Founder & CEO
Daniel is Founder and CEO of FXcompared and has 18 years of experience in the international finance world focusing on cross-border payments, technology and the property sectors. Daniel is widely… Read more
  • dLocal will provide extra international payment services to Shopify merchants.
  • The list of countries in which dLocal works is comprehensive, and includes some major mid-level economies.
  • “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 a dLocal spokesperson.

A well-known e-commerce platform has paired up with a fintech firm in an attempt to provide end users in emerging markets with more payment options.

Shopify, which is based in Canada, will work alongside the firm dLocal.

The aim of the partnership is to help merchants provide local payment methods from over 19 currencies around the world.

As part of the new collaboration, e-commerce store operators from around the world will be able to offer a more comprehensive payments service to their customers and increase their capacity to accept cross-border payments.

This, in turn, is likely to help merchants increase the number of customers who can do business with them – and decrease the risk of transactions ending before payment because of non-compatibility in terms of payments.

Merchants will be able to do a variety of specific tasks as part of the new integrated system.

They will be able to track and monitor payment processes, for example, and they will also be able to operate their refund and chargeback processes.

They will also be able to manage balances in designated currencies.

Other markets in which it operates include South Africa, Paraguay, Turkey and Peru – as well as Uruguay, where the firm is based.

The service is already up and running.

The list of countries in which dLocal operates is extensive, and includes a range of major economies such as Argentina and Mexico.

Other major nations on the list include Brazil, China, India and Indonesia.

According to Rodrigo Sánchez Prandi, who serves as the vice president of product at dLocal, the new partnership will give merchants a chance to create a “positive customer experience”.

“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,” he said.

“We are pleased to be able to offer localised 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,” he added.

He also went on to comment on Shopify, his firm’s new partner.

“We are honored to join the Shopify ecosystem, which now consists of over one million businesses in more than 175 countries,” he said.

“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,” he added.

If you’d like to know more about how the online money transfer field works, why not head over to our news pages and check out some further articles?


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