SAN FRANCISCO, Oct. 24, 2016 /PRNewswire/ -- dLocal (https://dlocal.com), a technology company specializing in a payments platform for emerging markets, is launching today. The cross-border platform enables companies to reach over a billion consumers in 14 countries, supporting over 130 local payment methods, all with a single integration.
The platform enables companies to transact locally across 14 markets – including Brazil, Mexico, much of Latin America, as well as Turkey and China – without local entities and local operational complexities. E-commerce companies using dLocal can now offer customers across emerging markets the ability to pay for their goods or services in local and preferred payment methods like cash, local credit cards, installments and such. With dLocal's proprietary, custom-built technology, customer conversions can grow up to 40 percent by catering to consumers' preferences.
dLocal is the only company to have built a cutting-edge payments platform from the ground up, specifically for Latin America and emerging markets. Once integrated, companies can accelerate time-to-market in all of the above-mentioned geographies, becoming operational within two weeks. It is a full service platform that has a variety of features, including pay-ins, pay-outs and in country cash collections.
"For global e-commerce companies trying to expand rapidly, entering emerging markets is quite challenging. Aside from having to setup local entities and deal with new tax structures, they have to integrate multiple and complex payment methods, all without local expertise. This means that e-commerce companies can lose valuable conversions," said Sebastián Kanovich, CEO of dLocal. "dLocal is focused on conversion and brings to the table our emerging market expertise, as we help these e-commerce companies reach more consumers by accommodating preferences of individuals in these markets. We do this by supporting local cards, installments, bank transfers, e-wallets and cash payment methods."
dLocal was formed and is led by the founders of AstroPay, the largest cross-border payment services provider in Latin America – therefore drawing on years of experience in the emerging market payments arena.
"With dLocal, we now have a dedicated management and company to service e-commerce companies and help bring them optimal results. We are proud to launch dLocal as a startup company; one that invokes eight years of experience servicing payments in emerging markets," continued Kanovich.
dLocal is a technology company and the #1 payments leader focused on Latin America and other emerging markets. With dLocal, there is no need to set up local entities, or integrate dozens of isolated payment methods, nor undergo heavy operational and tax burdens. Top global brands such as Disney, GoDaddy, and others; rely on us to increase conversion by eliminating complexity and managing their payments expansion effortlessly. As both a payments processor and a merchant of record where we operate, we make it simple and risk-free for our client partners to make inroads into the world's fastest-growing, emerging markets.
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