DLocal announced a strategic partnership with Temu, the global e-commerce platform, to enhance the shopping experience for millions of customers in 14 emerging markets across Africa, Asia, and Latin America. This collaboration aims to provide seamless and secure payment options tailored to local preferences.
The partnership addresses significant barriers to global e-commerce in these regions, including limited payment options and high unbanked populations. In markets lacking localized options, cart abandonment rates can exceed 70%, impacting merchant growth.
By supporting Temu, DLocal will provide a seamless payment experience in key markets such as Mexico, Colombia, and Uruguay. This alliance reinforces DLocal's mission to make shopping easier and more accessible for underserved consumers, connecting them to a vast range of affordable products.
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