dLocal Partners With Dinie to Bring Buy Now Pay Later to Brazilian SMEs

https://thefintechtimes.com/dlocal-partners-with-dinie-to-bring-buy-now-pay-later-to-brazilian-smes/
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dLocal, a cross-border payment platform connecting
global merchants to emerging markets, have announced a new
partnership deal with Dinie to allow global
merchants to offer instalment payments to their customers in Brazil
as a form of small business lending. The partnership between dLocal
and Dinie will give SME customers a wider choice of payment options
and more purchasing power at the checkout, which in turn, increases
the conversion rate and basket sizes for merchants.

The Dinie Paylater solution (Dinie Pay) enables merchants to get
paid up-front and in full, while their customers benefit from
paying in three-to-nine month instalments. The merchant has no
credit risk exposure, and SME customers are not required to have a
credit card or use Boleto to pay but can use their Dinie credit
account while benefiting from the instalment plan.

According to dLocal data, 54% of e-commerce spend in 2020 in
Brazil was made accessing an instalment plan offered by merchants.
With the addition of this 
“Buy Now, Pay Later” solution (BNPL)
,  online sellers can
expect increased conversion rates, as research shows Brazilians
often prefer instalment payments when it comes to e-commerce.

Through the new partnership, Dinie Pay will be integrated within
the dLocal payments platform, which streamlines the merchant
onboarding process. Essentially, this means dLocal will enable
merchants to use Dinie Pay hassle-free, and with no further
integration needed. Once a purchase is confirmed at the
merchant’s checkout, the Dinie Pay option is presented and the
SME customers can choose to split the payment into up to nine
monthly instalments.

Commenting on the partnership, Rodrigo Sanchez
Prandi
, VP Product at dLocal, said: “At dLocal, we are
innovators at heart and our goal is to bridge the payments
innovation gap between developed countries and emerging economies
and Dinie shares that ambition with us.

Dinie is complementing dLocal’s hyper-local Brazilian payments
solutions with capital accessibility to SMEs to pay for
higher-value business purchases and invest in their growth via
improved technology and digital marketing. We enable global
merchants to unlock new revenues and get paid upfront, frictionless
and risk-free.”

Suzy Ferreira, CEO and Founder of Dinie, said:
“Through one single integration to dLocal, Dinie will be able to
connect to the world’s largest digital merchants and access
millions of SME customers. Dinie will enable these customers to
easily purchase online, make investments in technology and digital
marketing, whilst ensuring their cash flow isn’t so heavily
impacted since they have an opportunity to match their investment
with the revenue they generate later.

“Teaming up with a company of dLocal’s calibre, a high
growth Latam unicorn servicing the world’s largest digital
merchants, is a huge opportunity for Dinie to accelerate growth and
reinforce our commitment to irrigate the Brazilian SME market with
capital to support their germination and growth.”

The post
dLocal Partners With Dinie to Bring Buy Now Pay Later to Brazilian
SMEs
appeared first on The Fintech Times.

https://thefintechtimes.com/dlocal-partners-with-dinie-to-bring-buy-now-pay-later-to-brazilian-smes/