DLocal

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dLocal
Private
Industry
  • Payments technology
  • eCommerce
  • Cross-border
Founded2013; 8 years ago (2013)
Founder
  • Sergio Fogel
  • Andres Bzurovski
Headquarters
Uruguay
Area served
  • LATAM: Argentina, Colombia, Bolivia, Brazil, Mexico, Chile, Ecuador, Peru, Paraguay, Uruguay
  • APAC: India, Indonesia, Bangladesh, China
  • MEA: South Africa, Turkey, Morocco, Egypt, Nigeria
Key people
  • Sebastian Kanovich (CEO)
  • Jacobo Singer (COO)
Services
  • Payment service provider
  • Gateway
  • Local acquiring
ParentAstroPay Ltd.
Websitedlocal.com

dLocal is an Uruguay-based financial services company. The company operates as a payment processor for online merchants, facilitating payments in local currency and converting them into EUR or USD for them.[1][2]

In 2019, dLocal handled more than $2 billion in cross-border payments, including companies like Amazon, Uber, Netflix, and DiDi.[3][4]

History

Established in 2013 as a spin off of AstroPay, dLocal has been named to Fast Company’s annual list of the World’s Most Innovative Companies for 2020.[5] dLocal's corporate headquarters are located in Montevideo, Uruguay and has operations across LATAM, MEA and APAC as a payment processor. dLocal holds offices in San Francisco, US, São Paulo, Brazil, London, UK, Tel Aviv, Israel and Shenzhen, China.[6]

Solution

The company specializes in facilitating cross-border B2B payments.[7] It provides cross-border transactions in more than 20 emerging countries and over 300 locally-relevant payment methods.[8] Payment methods include international and local credit cards, local cash-based methods, such as Boleto in Brazil, GPay in Egypt and Internet banking methods, such as PSE in Colombia.[9][10] [11]The technology platform acts as a payment gateway, payment service provider and offers risk management and local acquiring.

Companies like Amazon,[12] Didi, Uber, UATP[13] and Wikimedia[14] use dLocal.[15] It is also used by eCommerce marketplaces such as Shopify.

Operations

Latin America

dLocal started operations in Brazil. During the course of 2014 and 2015 they added Argentina, Uruguay, Chile, Colombia, Peru, Mexico, and Paraguay in their Latam portfolio, offering local cash payment methods like Boleto Bancario in Brazil or Oxxo in Mexico.[16]

China

In 2015, dLocal disembarked inChina.[16]

Turkey

dLocal expanded to Turkey in early 2015.

India

In August 2017, dLocal expanded its cross-border payment platform to India.[17]

Africa

During 2019, dLocal expanded its emerging markets payments platform to Nigeria and South Africa.[18]

References

  1. PYMNTS (2019-07-31). "dLocal Expands Cross-Border Payments Markets". PYMNTS.com. Retrieved 2020-05-07.
  2. "dLocal launches 1st payment platform exclusively for companies entering emerging markets". ctmfile.com. Retrieved 2020-05-07.
  3. "The Nilson Report – dLocal Emerging Markets Payment Processing". nilsonreport.com. Retrieved 2020-05-07.
  4. Balogh, Shannen. "Payments startup dLocal just expanded its Amazon partnership. We talked to its CEO about how to build infrastructure that lets Uber and Netflix accept local payments around the world". Business Insider. Retrieved 2020-05-07.
  5. Company, Fast (2020-03-10). "The most innovative companies of 2020 in Latin America". Fast Company. Retrieved 2020-05-06.
  6. Balogh, Shannen. "Payments startup dLocal just expanded its Amazon partnership. We talked to its CEO about how to build infrastructure that lets Uber and Netflix accept local payments around the world". Business Insider. Retrieved 2020-05-07.
  7. "dLocal | Company Database | ThePaypers". thepaypers.com. Retrieved 2020-05-07.
  8. Machin, Liam (2019-12-19). "dLocal further expands emerging markets payments platform". PaymentExpert.com. Retrieved 2020-05-07.
  9. "Preferred Payment Methods Brazil". thepaypers.com. Retrieved 2020-05-07.
  10. "Preferred Payment Methods Colombia". thepaypers.com. Retrieved 2020-05-07.
  11. "Google Pay partners with dLocal to enhance checkout experience". IBS Intelligence. 2020-04-30. Retrieved 2020-05-07.
  12. Dominguez, Josefina (2020-01-21). "Amazon launches localized payments in Chile with dLocal". LatAm List. Retrieved 2020-05-07.
  13. "UATP Partners With dLocal To Offer Its Network Of Local Payment Methods". UATP. 2016-09-27. Retrieved 2020-05-07.
  14. "Wikimedia's Latin American fundraising required locally tuned tech". PaymentsSource. 2017-06-20. Retrieved 2020-05-07.
  15. "Companies Using dLocal, Market Share, Customers and Competitors". discovery.hgdata.com. Retrieved 2020-05-07.
  16. 16.0 16.1 "Growing Organically: Sebastian Kanovich, CEO of dLocal (Part 2)". Sramana Mitra. 2017-03-21. Retrieved 2020-05-07.
  17. Zaczkiewicz, Arthur; Zaczkiewicz, Arthur (2017-08-24). "Cross-border Fintech Firm dLocal Opens New Delhi Office, Launches in India". WWD. Retrieved 2020-05-07.
  18. "Bloomberg - dlocal Expands Emerging Markets Payments Platform To Africa". www.bloomberg.com. Retrieved 2020-05-07.

External Links

This article "DLocal" is from Wikipedia. The list of its authors can be seen in its historical. Articles taken from Draft Namespace on Wikipedia could be accessed on Wikipedia's Draft Namespace.