dLocal and PayPal to expand access to local payments across emerging markets
dLocal (NASDAQ: DLO), a leading cross-border payment platform for emerging markets, announces today an expanded relationship with PayPal to offer businesses access to payment processing and local payment methods in more than 40 new untapped emerging markets.
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By leveraging dLocal's platform, global customers of PayPal Enterprise Payments, previously known as Braintree, can now easily accept cards and process local and alternative payment methods across Latin America, EMEA, and APAC markets without needing to establish local entities. dLocal's platform will handle both B2B and B2C payment flows, making it easy for businesses to connect with local customers and suppliers. As a result, merchants will gain access to a number of potential benefits including:
• Access to new, global customers: Integration will provide businesses with quick access to new global customers without having to establish a local entity or pay cross-border fees.
• Lessen tech debt and complexity: Businesses looking to process in these new markets can leverage their existing PayPal Braintree's integration - and their stored cards - to process locally with minimal engineering and integration resources required. Making complex and global, simple and local.
• Increased authorization rates: By enabling local processing, businesses can increase the number of transactions approved because domestic cards are more likely to be accepted by local acquirers.
• One source of truth: Businesses will have access to one single platform to manage local and international payments.
'Partnering with industry leaders like PayPal reflects dLocal's commitment to helping global businesses succeed in high-potential, emerging markets,' said John O'Brien, CRO at dLocal. 'We are proud to integrate with PayPal's Enterprise Payments solution, enabling their customers to tap into the full potential of these markets and access to over 40 untapped countries. Together, we are solving the challenges of moving money across borders and unlocking new opportunities for global growth.'
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