Temu, the global e-commerce platform of China’s PDD Holdings, and dLocal, the cross-border payment platform connecting global merchants to emerging markets, have announced a strategic partnership to expand shoppers payment solution in Africa, Asia, Latin America.

The collaboration enhances the shopping experience for millions of customers in 14 emerging markets across Africa, Asia, and Latin America by offering seamless and secure payment options tailored to local preferences, the duo said in a statement on Thursday.

It is noted that emerging markets often face significant barriers to accessing global e-commerce, including limited payment options and high unbanked populations.

Cited the World Bank, the statement highlighted that 1.4 billion adults globally remain unbanked, with many concentrated in high-growth regions.

Additionally, inadequate payment solutions contribute to cart abandonment rates exceeding 70 percent in markets lacking localized options.

Through this partnership, dLocal addresses these challenges by supporting Temu to provide a seamless payment experience across 14 key emerging markets, including Mexico, Colombia, Uruguay, among others.

“At dLocal, we’re proud to enable seamless payment experiences for Temu’s customers in emerging markets,

“By providing localized payment methods and frictionless cross-border solutions, we’re making shopping easier and more accessible for underserved consumers, connecting them to a vast range of value for money products,” said Justin Goh, Head of Asia Pacific (APAC) at dLocal.

Meanwhile, a Temu spokesperson, said that a Temu, the firm’s mission is to ensure that everyone has access to quality products at affordable prices.

“By partnering with dLocal, we’re excited to extend these benefits to millions of customers in emerging markets, ensuring that more people can enjoy accessible, convenient shopping experiences,” the spokesperson added.

Temu is an online marketplace that connects consumers with millions of sellers, manufacturers and brands around the world.

Launched in the United States in September 2022, the firm aims to offer the most affordable quality products for consumers and sellers.

Meanwhile, dLocal is a firm powers local payments in emerging markets connecting global enterprise merchants with billions of emerging market consumers across APAC, the Middle East, Latin America, and Africa.

Through the “One dLocal” concept (one direct API, one platform, and one contract), global companies can accept payments, send pay-outs and settle funds globally without the need to manage separate pay-in and pay-out processors, set up numerous local entities, and integrate multiple acquirers and payment methods in each market.

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