dLocal and ShopeePay to Enhance Payment Solutions Across Asia
dLocal, a cross-border payment platform focused on emerging markets, has enhanced its partnership with ShopeePay, one of Asia’s prominent mobile wallets, IBS Intelligence reported.
This expanded collaboration allows dLocal to integrate ShopeePay as a payment option for its clients, facilitating both pay-ins and payouts.
With this growth, dLocal merchants can now offer their customers a seamless payment experience for goods and services via ShopeePay in four new emerging markets: Thailand, Malaysia, Indonesia, and the Philippines.
Additionally, dLocal and ShopeePay Thailand will extend payout services for merchants, broadening ShopeePay’s reach and enabling dLocal clients to engage with over 200 million additional eCommerce customers in Asia.
Yash Yadav, Head of Growth, APAC, at dLocal, commented: ‘We are excited to collaborate with ShopeePay, a key player in Southeast Asia’s digital payment landscape. This alliance will allow us to provide our international clients with a robust solution for collections and disbursements in this dynamic region. Together, we will unlock new growth opportunities for businesses and enhance the payment experience for consumers.’
dLocal is a Uruguayan financial technology company. It facilitates local payments in high-growth markets, connecting global enterprise merchants with billions of consumers across Latin America, Asia, and Africa.
ShopeePay, part of SeaMoney, is a leading digital payments and financial services provider in Southeast Asia. It offers users convenient access to digital payment services, enabling fast and secure online transactions, fund transfers, and offline payments at thousands of partner merchants.
The e-commerce industry in Asia has experienced rapid growth over the past decade and continues to expand. The rise in internet access and mobile device usage, combined with a burgeoning middle class, has generated a significant market for online shopping.
This partnership between dLocal and ShopeePay strengthens the presence of FinTech in Asia by expanding payment method options.
