Driving cross-border e-commerce expansion in Latin America through strategic partnership between dLocal and Tiendamia
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Cross-border eCommerce in Latin America is on the rise, but completing transactions can present challenges due to local payment preferences, limited access to credit cards, and a fragmented infrastructure. To address these issues, dLocal, a payment solutions provider, has partnered with Tiendamia, a cross-border marketplace platform, to expand alternative payment methods in the region.
This collaboration enables Tiendamia to process payments across multiple countries through a single integration, supporting various local payment methods and currencies without the need to establish local entities in each market. As a result, customers using local cards, cash-based options, and eWallets in countries including Ecuador, Costa Rica, Peru, Argentina, and Uruguay can enjoy faster checkout, while local vendors are paid efficiently.
Key aspects of this partnership include a unified platform, local payment options, regulatory and operational support, local payouts, and improved transparency. The unified platform allows for a single integration to accept cross-border payments across different Latin American countries. Local payment options support cards, cash payments, and digital wallets tailored to local consumer preferences. Regulatory and operational support is provided by dLocal, which handles foreign exchange, compliance, and backend processes, removing administrative burdens. Local payouts allow Tiendamia to pay local vendors in multiple countries efficiently. Improved transparency results in clearer pricing and smoother checkout, enhancing the customer experience.
Andrea Walj, Head of Account Management (Americas) at dLocal, stated that the partnership simplifies local operations for Tiendamia, allowing the company to focus on delivering a consistent experience across borders. In Uruguay, Tiendamia supports eWallets and enables fully domestic transactions. The partnership aims to provide faster, more accessible checkout with local payment methods and transparent pricing for Latin American customers and sellers.
Rafael Blanco, Revenue Director at Tiendamia, stated that the company operates at the intersection of international demand and local infrastructure. According to Blanco, the partnership manages foreign exchange conversion, compliance, and back-end operations efficiently across multiple Latin American markets. On the payout side, Tiendamia can pay local providers in Ecuador, Costa Rica, Peru, and Uruguay.
The partnership between dLocal and Tiendamia continues to manage FX conversion, compliance, and back-end operations efficiently across multiple Latin American markets. dLocal (NASDAQ: DLO) has partnered with Tiendamia to simplify regional operations and expansion for both companies. Andrea Walj, Head of Account Management (Americas) at dLocal, stated that Tiendamia offers payment methods that feel native to Latin American customers. Through a single integration, Tiendamia can accept cross-border payments and offer a wide range of local payment methods in several Latin American countries, including Ecuador, Costa Rica, Peru, Argentina, and Uruguay.
In conclusion, the partnership between dLocal and Tiendamia addresses typical challenges in Latin American cross-border eCommerce, such as fragmented payment infrastructure, limited credit card penetration, and complex settlement processes, making it easier and faster for consumers to shop from international sellers and for merchants to operate regionally without the need for multiple registrations.
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