Local Payments news and trends

Payment Diversification Creates Winning Formula for Merchants
Payment Methods // May 08, 2024

There’s no place like home, particularly when it comes to preferred payment mechanisms. That’s why businesses looking to expand internationally need to ensure that their strategic approach includes diversification of payment methods and the integration of local payment solutions. “You need to embrace local payment methods and prioritize them...

Etsy Teams With Payoneer to Offer More Local Currencies
eCommerce // October 20, 2023

Etsy says it is working with Payoneer to help more sellers get paid in their local currencies.  The eCommerce platform announced this week that it was expanding its Etsy Payments service to sellers in Thailand and Ukraine, with plans to include Japan, Chile, Argentina, Peru and India (export sales...

Mangopay and VTEX Team to Boost Global Marketplaces
Digital Payments // September 26, 2023

Payment infrastructure provider Mangopay has launched a partnership with digital commerce platform VTEX. The collaboration is designed to give marketplace operators a single pay-in and pay-out solution and provide frictionless buying and selling experiences, IBS Intelligence reported Tuesday (Sept. 26).  According to the report, marketplaces powered by VTEX will be...

Payments Startup Dlocal Eyes Sale and Taps Ex-MercadoLibre CFO Arnt as Co-CEO
Acquisitions // August 15, 2023

Uruguay-based payments services provider dLocal is reportedly seeking a buyer. The company has been working with a financial adviser about a potential sale, Bloomberg News reported Monday (Aug. 14), citing sources familiar with the matter. The same sources said dLocal had received takeover interest. A...

Interviews & Exclusives
Payment Diversification Creates Winning Formula for Merchants

May 08, 2024
There’s no place like home, particularly when it comes to preferred payment mechanisms. That’s why businesses looking to expand internationally need to ensure that their strategic approach includes diversification of payment methods and the integration of local payment solutions. “You need to embrace local payment methods and prioritize them unless you want to have a lot of cart abandonment,” […]

Offering Local Payments Is Merchants’ First Step Toward Expanding Overseas

February 24, 2023
Merchants are expanding their operations abroad on a grand scale, taking advantage of the eCommerce boom to market in new regions and demographics. While industry giants such as Alibaba and...

Western Merchants Deeply Lacking Knowledge About APAC Payments

December 01, 2022
Local FinTech wallets are a key part of the Asia-Pacific (APAC) eCommerce ecosystem. Whether Alipay in China, Paytm in India, Kakao Pay in South Korea or Rakuten in Japan, shoppers...

South Korea Is an eCommerce Eden for Those Fluent in Local Payments

July 21, 2022
Among the most mobile-centric nations on earth, South Korea is a ripe opportunity for eCommerce merchants provided they learn the terrain — namely, payments localization. With the world’s 10th-highest gross...

Quick Reads
Zuora and Ebanx Partner to Expand Acceptance of Local Payment Methods

July 09, 2024
Zuora and Ebanx partnered to enable Zuora’s customers to accept local payment methods in 13 countries in Latin America and two in Africa. The collaboration will support the global expansion of subscription-based and recurring revenue businesses, the companies said in a Tuesday (July 9) press release emailed to PYMNTS. “Having a local partner like Ebanx […]

Mangopay and VTEX Team to Boost Global Marketplaces

September 26, 2023
Payment infrastructure provider Mangopay has launched a partnership with digital commerce platform VTEX. The collaboration is designed to give marketplace operators a single pay-in and pay-out solution and provide frictionless buying and selling...

Payments Startup Dlocal Eyes Sale and Taps Ex-MercadoLibre CFO Arnt as Co-CEO

August 15, 2023
Uruguay-based payments services provider dLocal is reportedly seeking a buyer. The company has been working with a financial adviser about a potential sale, Bloomberg News reported Monday (Aug. 14), citing...

Wirecard To Buy China’s AllScore To Expand Cross-Border Licenses

November 05, 2019
Wirecard announced that it is set to gradually acquire all shares in Bejing-based AllScore Payment Services so it can expand into cross-border licenses. After the deal is closed, Wirecard will...