dLocal and Dinie team up to offer installment payments for SMEs in Brazil

By Megha Bhattacharya

Cross border payment platform dLocal announced a new partnership with Dinie in a bid to allow global merchants to offer installment payments to Brazilian customers in the form of small business lending. The collaboration is expected to give SME customers a range of payment options and more purchasing power at the checkout. dLocal stated that online sellers, with the addition of the pay later solution, can expect increased conversion rates, as research shows Brazilians often prefer installment payments when it comes to eCommerce.

Rodrigo Sanchez Prandi, VP Product at dLocal, said, “At dLocal, we are innovators at heart and our goal is to bridge the payments innovation gap between developed countries and emerging economies and Dinie shares that ambition with us. Dinie is complementing dLocal’s hyper-local Brazilian payments solutions with capital accessibility to SMEs to pay for higher value business purchases and invest in their growth via improved technology and digital marketing. We enable global merchants to unlock new revenues and get paid upfront, frictionless and risk-free.”

Dinie’s pay later solution – Dinie Pay aims to enable merchants to get paid up-front and in full, while their customers benefit from paying in three-to-nine month installments. The merchant has no credit risk exposure, and SME customers are not required to have a credit card or use Boleto to pay but can use their Dinie credit account while benefiting from the installment plan.

Suzy Ferreira, CEO and Founder of Dinie, said, “Through one single integration to dLocal, Dinie will be able to connect to the world’s largest digital merchants and access millions of SME customers. Dinie will enable these customers to easily purchase online, make investments in technology and digital marketing, whilst ensuring their cash flow isn’t so heavily impacted since they have an opportunity to match their investment with the revenue they generate later.”

According to the FinTech dLocal, the pay later solution will be integrated within its payments platform. This will enable the company to allow merchants to use Dinie Pay. Once a purchase is confirmed at the merchant’s checkout, the Dinie Pay option is presented and the SME customers can choose to split the payment into up to nine monthly installments.

“Teaming up with a company of dLocal’s calibre, a high growth Latam unicorn servicing the world’s largest digital merchants, is a huge opportunity for Dinie to accelerate growth and reinforce our commitment to irrigate the Brazilian SME market with capital to support their germination and growth, ” Ferreira added.