Recently, dLocal and Tiendamia have announced a strategic partnership aimed at fostering cross-border ecommerce growth in Latin America.

This collaboration will broaden the local payment landscape across five crucial Latin American markets, assisting businesses in effectively managing both collection and disbursement processes while providing customers with faster, more convenient, and inclusive payment choices.

The joint effort is expected to deliver quicker, safer, and more accessible checkout experiences using local payment methods and clear pricing for Latin American buyers and sellers. Both entities will remain dedicated to understanding and catering to the evolving needs of their clients and users while adhering to relevant regulations and laws.

Details of the dLocal and Tiendamia Partnership

The rising trend of cross-border ecommerce in Latin America is notable, with growing numbers of consumers opting for overseas purchases. However, local payment preferences, restricted credit card access, and a complex infrastructure have posed challenges for both buyers and sellers.

Through this partnership, dLocal will empower Tiendamia to operate seamlessly across multiple markets within Latin America without the need for establishing individual entities in each country. A single integration will allow Tiendamia to accept cross-border payments and offer diverse local payment methods including cards, cash-based options, and eWallets, all while supporting domestic transactions in Uruguay.

In relation to payouts, Tiendamia will be equipped to remit funds to local providers in Ecuador, Costa Rica, Peru, and Uruguay. The entire strategy will be executed efficiently with foreign exchange (FX) conversion, compliance measures, and backend operations across these markets.

In the future, dLocal plans to enhance alternative payment methods within the region, thereby enabling Tiendamia to introduce more localized options while streamlining regional operations and expansion efforts.