dLocal has expanded its partnership with PayPal to provide businesses with enhanced capabilities to process payments in more than 40 new emerging markets.

This leverages dLocal's platform to facilitate both B2B and B2C payment flows without establishing local entities.

The tie-up leverages PayPal Enterprise Payments, previously known as Braintree, transforming the way merchants approach international e-commerce.

Through this partnership, businesses can now process local and alternative payment methods across regions including Latin America, EMEA, and APAC.

Merchants using the dLocal platform can now access new global customers and process payments locally with minimal technical resources required, as they can leverage their existing PayPal Braintree integration and stored card information.

This initiative is expected to result in increased authorisation rates due to the preference for domestic cards by local acquirers.

Additionally, businesses claims to benefit from a single platform that manages both local and international payments.

dLocal CRO John O’Brien said: “Partnering with industry leaders like PayPal reflects dLocal’s commitment to helping global businesses succeed in high-potential, emerging markets.

“We are proud to integrate with PayPal’s Enterprise Payments solution, enabling their customers to tap into the full potential of these markets and access to over 40 untapped countries. Together, we are solving the challenges of moving money across borders and unlocking new opportunities for global growth.”

This March, dLocal teamed up with Belmoney, a remittance-as-a-service provider in Europe, to enhance cross-border payout capabilities.

This tie-up will incorporate over 900 local and alternative payment methods, such as credit and debit cards, bank transfers, and instant transactions, into dLocal's platform.

"PayPal and dLocal expand payments services in emerging markets " was originally created and published by Electronic Payments International, a GlobalData owned brand.

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