Tech in Africa
dLocal has expanded her payment network to cover Senegal, Ghana, Kenya, and Cameroon while integrating new partners in Egypt and Nigeria. The firm plans on leveraging her API payments technology platform that offers flexibility and supports 300 payment methods across 23 emerging countries, China, Indonesia, Brazil, Mexico, and India.
Merchants integrate once to dLocal’s API when accepting payments across the 23 countries they operate. This happens without the need for an actual physical presence. dLocal later secured US$200 million in a new funding round becoming one of the top venture-backed companies.
The funding will add 13 more markets to their coverage within the next 18 months. dLocal’s expansion covers the following payment methods:
- Credit Cards: Merchants can sell their cards in Panama, Costa Rica, and the Dominican Republic while accepting credit cards issued by local banks branded either MasterCard or Visa. Research from dLocal shows the three countries cumulatively host over 2.7 million e-commerce shoppers earning US$6.5 billion worth of purchases.
- Debit Cards: To be added to Panama where there are over 2 million in circulation.
- Cash: Merchants in Costa Rica can now access Tucán Cash.
Kenya: Merchants selling into Kenya can now access payments from mobile money platforms Airtel and mPesa.
Ghana: dLocal accepts payments from merchants using Ghanian mobile money platforms MTN, Airtel, Vigo, and Vodafone.
Senegal: Merchants here can make payments from mobile money platforms Wizall Money and Orange.
Payouts: Where local payments can be done domestically and currency transfered directly to mobile money and other local bank accounts.
Single API integration: Where dLocal’s clients grow their revenues in these four countries through the platform’s single API.
dLocal also happens to have partnered with Fawry (a cash payment startup in Egypt) which will add 166,500 cash payment locations to dLocal’s network. Another partnership is with Verve from Nigeria (with 47 million issued cards).
