dLocal payins solution will be helpful to improve authorization rates for Microsoft users
Microsoft teamed up with Latin American fintech unicorn. Source: shutterstock.com
dLocal and Microsoft have announced a collaboration to reach new customers in emerging markets with localized payment methods.
In the first phase of the collaboration, Microsoft launched local acquiring for both credit and debit cards in Nigeria.
Later, Microsoft will use dLocal’s Payins solution to add additional popular local payment methods.
This way, shoppers on the Microsoft Store website in Nigeria will be able to pay with local credit cards for a variety of products, such as Microsoft 365 Consumer and Family subscriptions.
Previously, customers could only pay with international credit cards, triggering steep exchange fees, and higher rates of declined transactions due to exchange rate volatility.
From a user perspective, Microsoft will not be making any changes to the current payment experience due to the integration, and current subscriptions will continue to function as usual.
We’ve reported that Uruguayan payments company dLocal has announced up to $200 million in new investment, led by existing investor General Atlantic. Being valued at $1.2 billion, it became the country’s first unicorn and one of the highest-valued Latin American fintechs.
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