In fact, e-commerce volumes in Southeast Asia reached over $62 billion in 2020 alone – a 63% increase from the previous year
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.
We’ve reported that dLocal aims to advance payments in Latin America through new collaboration.