How crossborder payments works for tech companies using startup dlocal - Business Insider

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 45 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 21%
  • Publisher: 51%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

Payments startup dLocal just expanded its Amazon partnership. We talked to its CEO about how to build infrastructure that lets Uber and Netflix accept local payments around the world.

simply click here to claim your deal and get access to all exclusive Business Insider PRIME content.Using dLocal, companies like Amazon, Netflix, and Uber can send and receive payments in emerging markets where several different methods including local credit cards and digital payments are used.

In the payments space, business-to-business players like Marqeta, Plaid, and Stripe all provide platforms for different things other businesses need. Marqeta is a card issuing platform; Plaid,, helps companies to link into their customers' bank accounts; Stripe, while it now does more than payments, got its start in ecommerce points-of-sale.

"Amazon needs to be genuinely local in many markets at the same time," dLocal CEO Sebastian Kanovich told Business Insider. "So what we bring here is the technology piece and the infrastructure for them to be able to access that." "But when you start adding more geographies and more complexity, that's where the infrastructure we built becomes even more attractive," Kanovich said.

And Latin America is growing fast with booming domestic startup scenes and foreign players like Amazon and Uber.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in ZA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

'Paranoia' about Amazon could help Microsoft catch up, analyst says - Business InsiderFrom Walmart picking Microsoft Azure to last year's Capital One breach, an analyst says Amazon has a few big weaknesses that Microsoft could target.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Amazon CTO confronts Facebook head of comms Nick Clegg on user data - Business InsiderAmazon CTO Werner Vogels asked Facebook exec Nick Clegg how Facebook plans to make clear to its users that it sells their data — but Clegg said the firm doesn't sell data. Is this how the former Deputy Prime Minister of Britain is described. 😂 how Cleggy has fallen. Stealing any kind of data, is no different than stealing someones bank account info and using it.
Source: BusinessInsider - 🏆 729. / 51 Read more »