dLocal, a fintech company specializing in facilitating cross-border payments for global e-commerce merchants in emerging markets, today expanded its holistic payments platform to India. dLocal’s expanded footprint and newly-opened local office in New Delhi enables global e-merchants to accept and remit payments to India using all the locally-relevant payment methods thus reaching hundreds of millions of connected consumers, contractors and freelancers who are accelerating the digital transformation in India.
An e-commerce boom is spreading across India as a new generation of smartphone-armed, digital-savvy shoppers browse the globe for merchants who can deliver purchases to their front door and provide premium content to their devices. dLocal’s platform for India was developed to reduce numerous payment-related barriers between global merchants and local consumers who use the Internet to buy anything from physical goods to SaaS products to local advertising.
To ensure the widest reach for its merchant customers, dLocal supports all the locally-relevant payment methods in India, including locally issued credit cards, debit cards and bank transfers. The platform also supports unified payments interface (UPI), the latest initiative by India’s Central Bank geared at boosting e-commerce and enabling instant bank payments.
In addition to seamlessly handling pay-ins in India, the platform also removes the many barriers associated with dispersing mass payouts to local contractors and freelancers, by enabling global e-merchants and marketplaces to easily transfer funds into their Indian freelancers’ local bank accounts with the same ease as they already do this in the US.
“India presents incredible market opportunities for online merchants and marketplaces,” said Sebastián Kanovich, CEO of dLocal. “With dLocal, they don’t need to operate a local entity in India nor navigate India’s fragmented and complex payment ecosystem. Instead, they can focus on marketing and merchandizing of their products, and dLocal will tackle the rest as their payments processor and merchant of record simplifying their entry into the world’s fastest-growing, emerging market.”
The dLocal platform allows merchants to accommodate the local payment preferences of individuals and SMBs, alleviates tax burdens and payments settlement and reduces the risks of currency exchange fluctuations. Key features include:
- Local processing for pay-ins and payouts in 18 emerging markets.
- 1 API integration for all markets and over 200 local payment methods including credit cards, debit cards, installments, bank transfers, direct debit, and cash payments.
- Ensures the broadest reach and highest acceptance rate by processing all the locally-relevant payment methods in each country where dLocal operates.
- Worry-free funds repatriation to the US or Europe.
- A mobile-first payments platform that is PCI DSS Level 1 Compliant.
- In-house risk chargeback management, smart routing tools, retry, and BIN-level logic.
dLocal supports global brands’ e-commerce within 18 emerging markets. Brands such as Uber, GoDaddy and others use the dLocal payments platform to eliminate cross-border payments complexity and boost payment conversions in emerging markets.
To learn more about India’s e-commerce boom and what merchants should know about the country’s complex and fragmented payments market, please join us on September 7th for a webinar on E-commerce Payments in India. The registration link can be found here: http://bit.ly/WebinarIndia