The new partnership will enable global merchants to accept payments such as local cards and other alternative payment methods powered by dLocal.
Unfamiliar payment options or lack of choice can be a giant conversion killer at checkout. Offering customers familiar, local payment options will be a huge boon for BigCommerce merchants and their store conversion rates. It will also give store owners access to markets that have been difficult to target up to now due to the difficulty of accepting payments in these countries.
BigCommerce sees Latin America as a key region for growth, and this new initiative will help to grow its presence while also giving its merchants access to this growing market.
“Through the partnership, we look forward to supporting their expansion both onboarding regional merchants and growing their existing EU and U.S. merchants into the high-opportunity Latin American markets.”Michel Golffed, SVP of Growth, dLocal
Latin Amerca eCommerce Growth
Latin American E-commerce sales in 2020 amounted to $85 Billion, an increase of 35% from the previous year. Online sales is projected to increase to $160 billion by 2025. There are estimated to be over 300 million online shoppers regionally, with forecasts showing a 25% over the next three years.
Brazil and Mexico make up the lion’s share of online sales, with Argentina and Columbia showing strong growth.
Welcome to #LATAM, @BigCommerce! Through our partnership, we are enabling for the first time localized payments to BigCommerce merchants, including local cards, #BoletoBancario, #Pix and #Oxxo.— dLocal (@dLocalPayments) March 24, 2022
Read the full Press Release: https://t.co/Lbhvn9R4mn#ecommerce #retailinnovation pic.twitter.com/Rxz1reule1