Known for its affordable products, the global e-commerce platform Temu is enhancing 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.
Emerging markets face significant barriers to accessing global e-commerce, such as limited payment options and a high unbanked population. According to the World Bank, 1.4 billion adults worldwide remain unbanked, with the majority concentrated in rapidly growing regions. Additionally, inadequate payment solutions lead to shopping cart abandonment rates exceeding 70% in markets lacking localized options. Through this partnership, dLocal supports Temu in delivering a seamless payment experience across 14 key emerging markets, including Mexico, Colombia, and Uruguay.
“We Are Proud to Partner with Temu”
Justin Goh, Head of APAC at dLocal, stated: “We are proud to enable Temu to provide seamless payment experiences for customers in emerging markets. By offering localized payment methods and smooth cross-border solutions, we are making shopping easier and more accessible. This, in turn, allows underserved consumers to access valuable products.”
“Our Mission Is to Ensure Everyone Can Access Quality Products at Affordable Prices”
A Temu spokesperson added: “At Temu, our mission is to ensure everyone can access quality products at affordable prices. By partnering with dLocal, we are excited to extend these benefits to millions of customers in emerging markets, enabling more people to enjoy accessible and convenient shopping experiences.”
dLocal Limited is a Uruguay-based financial technology company providing cross-border payment solutions that connect global sellers with emerging markets. Founded as a startup in 2016, the company quickly became Uruguay’s first unicorn.
