dLocal's Emerging Perspective Newsletter

Excited to share our first edition of dLocal Emerging Perspective on LinkedIn, your monthly cup of payment news and trends in emerging markets.

March has been a turbulent month for volatile high growth markets, such as Argentina and Kenya. New Central Bank resolutions are generating a new wave of dollar shortage, putting cross-border commerce right in the middle of the storm.?

Meanwhile, Malaysia announced last week their preparations to develop its indigenous payment platform, starting with a faster and more seamless replacement for their FPX payments while Nigeria’s elections are fueling the discussions around digital payments.

This and much more, in dLocal’s Emerging Perspective.

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Happy Reading,?

The dLocal Team

Industry Insight

Nigeria election 2023: the impact on digital payments

Amid the tightest presidential vote in Nigeria’s history, the country is experiencing cash scarcity due to the latest redesign of the Naira.

CBN’s ‘Cashless’ policy project, has been given a boost? after 5 years among others to encourage electronic transactions.

To enhance financial inclusion, the CBN has also launched a national domestic card scheme called AfriGo seeking to break up the card triopoly (Mastercard, Visa and Verve by Interswitch).

An ideal scenario to add digital payments to your checkout.?

Contact sales for more information about Nigeria’s local payment methods

New APMs on the horizon

DuitNow Online Banking/Wallets will be replacing Malaysia’s FPX payment method by the end of 2023. DuitNowOBW is a faster and more seamless checkout for individual customers on eCommerce and mCommerce platforms with simple redirection to their online banking or eWallet application. This service enables businesses to receive payments 24/7, at an instance, with over 40 participating banks and eWallets.

Ensure a frictionless payment process by offering the most preferred payment methods in each market.

Inflation in Argentina at historic spike

Argentina is currently facing a massive drought, its worst in almost 60 years, all while grappling with the latest surge in inflation, passing 100%. Upcoming elections, ongoing market restrictions as well as last week’s decree that the public sector must sell dollar bonds has caused concern among the private sector.

Know how to mitigate risks and stand out from your competitors by offering payments in ARS.

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3.16 eWallets per Indonesian

There is no question; eWallets are booming across Asia, particularly in Indonesia.?The country is home to almost 50 digital wallet players vying for customers. Consumers in Indonesia use an average of 3.16 e-Wallets.

In the last 3 years, the eWallet transaction value grew 334%, reaching US$28 B.?

It is forecasted that Indonesia’s total eCommerce transactions will reach US$137.5 billion by 2025—the highest in the Asia Pacific region—representing 59% of the region’s accumulated transaction value.

Find out about the eWallets we support in Indonesia

dLocal For Platforms?

dLocal for Platforms, initially soft-launched to a small group of customers, is a scalable, secure, and seamless solution to any platform business model operating in emerging markets. It provides the fastest and easiest way to? accept payments and make payouts to sub-accounts within the same platform.

Of particular significance, dLocal for Platforms utilizes one single API integration to allow users to pay in local currency as well as distribute and split payments to any number of users, while automatically setting fees or commissions before paying out the final amount.

Request a demo

dLocal Connect Singapore

dLocal Connect Singapore has been our first flagship event in the APAC region. The event took place on March 29th, in the very epic Cé LA VI,?one of Singapore's most exclusive rooftops. We are proud to be expanding our local footprint? and are looking forward to strengthening our partnership across emerging markets.

Resources?

PIX: What to expect in 2023

Pix adoption growth rate has been among those instant payment systems with the fastest adoption around the world. In this podcast, Martin Oberlander Holz, dLocal Country Manager, Brazil and Jose de Carvalho Junior,? Dock, director and founder of the first payment institution to operate with Pix, discuss the main advantages of Brazil’s instant payment system and what to expect in 2023.

?? Listen here

Upcoming Events

Did you had the chance to say Hi ?????to our team?        

Let's get together to think outside the box for new, tailor made payment solutions.

Payments Leaders Summit London, April 18 - 19, 2023, London, UK

Web Summit Rio, May 1 - 4, Rio de Janeiro, Brazil

Shoptalk Europe, May 9 - 11, Barcelona, Spain

Seamless Middle East 2023, May 23 - 24, Dubai, UAE

?? Check out our events calendar

Women’s Historical Month

Check out some of the many brilliant colleagues who inspire us day after day, shaping, and driving inclusion and equity across the dLocal Team

Take a look?here.