dLocal, which is the only payments technology platform that connects local and global payment systems across emerging markets, announced a strategic partnership with e-commerce giant Amazon.com, Inc. The partnership is expected to open a path for the international and global vendors to sell their products on Amazon.com Brazil marketplace in a first.
dLocal is a payments platform that facilitates communication and connection between global vendors and a large consumer base in emerging countries across Latin America, Asia Pacific, and Middle East & Africa. Major e-commerce companies such as Uber, Avast, Sony, and GoDaddy, among others are dependent on dLocal to accept over 300+ locally relevant payment methods and issue mass payouts to contractors, sellers, and agents in developing markets across the globe. The new agreement with Amazon will allow non-domestic merchants to commercialize their products in Brazil for the first time on Amazon portal using marketplace solution developed by dLocal. This will also allow Amazon to pay the revenue share of its amazon.com.br global sellers in USD. Opening up amazon.com.br online marketplace to international sellers in Brazil will accelerate time-to-market and drastically reduce operational costs, thereby enabling seamless access to Brazilian customers. Over 105 million people prefer e-commerce sites in Brazil and this continues to offer lucrative opportunities for online retailers. Amazon offers a broad range of products from global vendors to facilitate better shopping experience to its Brazilian customer base and accepts local payments such as credit cards. According to head of LATAM Business of Amazon, Jean-Gabriel de Mourges, partnership between dLocal and Amazon is set to bridge the gap between the needs of Brazilian e-commerce customers with the rest of the world.
dLocal powers payment systems in emerging markets in over 27 countries across Asia Pacific, Latin America, and Middle East & Africa and through “One dLocal” concept, global merchants can easily accept payments, send payment, and settle financial transactions without having the need to maintain an independent pay-in and payout processes.
