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

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.

Source: News Formal (newsformal.com)

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