dLocal, which processes payments in emerging markets, published a report called The Local Code with data from merchants that added local payment methods. In Brazil, merchants that started accepting Pix saw transactions grow 55% within five months, while in Peru the Yape wallet brought a 25% rise in six months. In Mexico, adding the Kueski service raised average order value by 6.1%. The company also reports processing cost cuts of 19% in Colombia and 30% in Peru.

What it means: The figures come from a provider that sells exactly this service, so they should be read as indications rather than an independent study. The core message is confirmed elsewhere too: shoppers prefer the payment method they already use every day, and when they do not find it at an online checkout they often abandon the purchase. For Greek businesses selling abroad, a shop that only accepts cards loses customers in markets dominated by instant payments or wallets. The same applies within Europe, with BLIK in Poland, Bancontact in Belgium or the expanding Wero. In Greece, payments through IRIS and instant transfers are growing, and supporting them at an online checkout can lower fees compared with cards. The practical step is to look at which countries your visitors come from, which methods dominate there and whether your payment provider supports them without heavy integration costs. A test in one market, measuring the checkout completion rate before and after, gives real data for the decision without relying on general reports from vendors.

Read the original on dLocal

Related service: myDATA integrations

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