Payment platform dLocal and Latin American on-demand delivery startup Rappi announced plans Feb. 1 to expand their partnership through the inclusion of Brazilian payment method PIX.
Bringing relevant payment methods to Argentina, Brazil, Chile, Costa Rica, Mexico, and Uruguay, the new deal will allow local Rappi customers in Brazil to use PIX payments for purchases on the Rappi app, according to a report by Business Wire.
“dLocal has been a trusted partner for our operation in Latin America over the last couple of years," said Carlos Ayalde, global head of payments at Rappi, according to Business Wire. "By offering one of the latest payment innovations in Brazil, such as PIX, we are taking the next step in our partnership to further improve our customer experience and offer localized payment methods focused on the consumer preferences and habits.”
Numbers collected by the Central Bank of Brazil found that more than 100 million people domestically have executed at least one PIX transaction since it was launched in 2019, with other debuts expected to follow in Africa and Asia, according to Business Wire. In Brazil, approximately 72% of the country’s transactions are made on instant payment systems.
“We are proud to have Rappi as a customer, to provide our local expertise to their consumers and provide a seamless checkout experience by offering them multiple local and alternative payment methods,” said Michel Golffed, vice president of growth at dLocal, Business Wire reported.
Utilizing dLocal’s payments platform, Rappi customers in Brazil will be able to make purchases with local credit cards, including Mastercard, Visa, and American Express cards issued by local banks once the system is made available for use, the report stated. Payments can be made for ordering in restaurants, e-commerce, and cash, that will become available on the app within the next six months.