Banking And InsuranceCryptocurrencyDigital MarketingErpFood And BeveragesHealthcareLegalMarketing And AdvertisingMedia And EntertainmentMetals And MiningOil And GasRetailTelecom
Artificial IntelligenceBig DataCloudCyber SecurityE CommerceEducationGaming And VfxIT ServiceMobileNetworkingSAPScience And TechnologySecuritySoftwareStorage
CiscoDatabaseGoogleIBMJuniperM2MMicrosoftOracleRed Hat
CEO ReviewCompany Review

The Silicon Review Asia

dLocal Announces Expansion of its Services Into Asia and Central America

dLocal Announces Expansion of its Services Into Asia and Central America

International merchants will now be able to unlock new revenue in Thailand, El Salvador and Guatemala with dLocal's expansion

In a fresh move, dLocal has announced extension of its payment processing capabilities in Asia and Central America. This expansion will help international merchants explore revenue opportunities in Thailand, El Salvador and Guatemala (a market of more than 93 million consumers).

These three countries represent total e-commerce revenue of $26 billion. “Our One dLocal concept - one API, one platform, and one contract - gives merchants access to international and local credit and debit card brands, and to alternative payment methods such as eWallets, bank transfers, and cash-based transactions,” said Sumita Pandit, COO at dLocal.

The expansion of dLocal to these countries will help enable alternative payment methods and credit and debit cards. dLocal's platform will offer TrueMoney wallet, QR code payments apps and AliPay and WeChat eWallets in Thailand, Card payments and cash-based methods AkíSíPago in Guatemala, and PuntoXpress in El Salvador.

The company decided on starting its operations in Thailand, El Salvador and Guatemala after it received a request from its clients. “We accelerated our investments in the technology our customers need to expand their business in emerging markets. We complemented our geographical footprint and payment methods portfolio to address current and future merchant needs. We always pursue opportunities that allow us to expand our footprint more rapidly and roll out our services to new emerging markets faster,” said Pandit.


Pine Labs Reaffirms its Commitment to Indian Payments Space with Qfix Acquisition

HDFC Bank is Qfix's main distribution partner Pine Labs has announced that it has acquired Qfix, a Mumbai-based online payments startup. This acquisi...

Salesforce Expands into Thailand, Opens Office in Bangkok

Salesforce has announced permanent presence in Thailand by launching its new office in the country’s capital, Bangkok. The permanent presence wi...

GMLL is expected to soon add two more stores to its retail arm ‘Price Mantra’

Garment Mantra Lifestyle, a popular name in the Indian fashion retail segment, recently made an announcement that the company is expanding its retail ...

Tariff plans will cost higher from the next financial year as telecom companies are gearing up to increase rates

The ongoing Covid pandemic had significantly increased the number of mobile and internet users worldwide. The high amount of usage is expected to drop...