dLocal is further expanding into Southeast Asia

In fact, e-commerce volumes in Southeast Asia reached over $62 billion in 2020 alone – a 63% increase from the previous year

dLocal

dLocal is further expanding into Southeast Asia. Source: pixabay.com

dLocal has announced operations in 3 new countries in Southeast Asia, including Malaysia, the Philippines, and Vietnam.

These countries, along with the region’s other two largest economies, Indonesia and Singapore, have seen significant e-commerce growth due to their expanded digital footprint amid the pandemic, according to the report.

dLocal will now provide payment capabilities for e-wallets, cash, and cross-border card payments, as well as chargebacks and refunds. The expansion includes the following integrations to the dLocal 360° payment platform:

  • Malaysia: dLocal has enabled merchants selling into Malaysia to accept payments from e-wallets such as Maybank2u, Boost, Grab Pay, and Touch ‘n Go, in addition to bank transfers and cash payments via 7-Eleven.
  • Philippines: Merchants serving customers in the Philippines can now accept international cards such as Visa and Mastercard, as well as card payments in up to 12 installments and sales without a CVV.
  • Vietnam: Merchants selling into Vietnam can accept international cards such as Visa, Mastercard and UCB, as well as local credit cards and wallets such as VTC Pay, Vietcombank, Techcombank, and more.

Besides, dLocal will be adding cash payments as well as local bank transfers in Thailand.

For merchants looking to take advantage of the explosive growth of eCommerce in Southeast Asia, the shift towards digitized marketplaces that has catalyzed during the pandemic presents enormous opportunity. The biggest challenge is disparate payment methods that are not easily scaled across these various markets. dLocal’s payments platform will now allow merchants to support the preferred payment methods in each of these countries to empower localized payments for sustainable, scalable growth
Sue-Ann Seet, Head of Asia Expansion at dLocal

We’ve reported that dLocal aims to advance payments in Latin America through new collaboration.

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