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Spotify Premium Will Use Ripple Partner dLocal To Offer New Payment Alternatives in Latin America

Blockchain-powered payments into South America will be available to RippleNet members through dLocal — the leading payment provider on the continent. dLocal specializes in payment acceptance and corporate disbursements in emerging markets, counting Uber, Godaddy, Payoneer and Tipalti amongst its global customers.

dLocal, an award-winning fintech company specializing in cross-border payments for emerging markets, announced today that it is enabling Spotify’s new payment methods for customers in Latin America for Spotify Premium through the use of its payments platform. With the expansion of alternative payment options, Spotify will increase accessibility in the Latin American market, where 63% of the population is unbanked and more than 90% do not have a credit card, according to figures from dLocal market research.

dLocal signed onto RippleNet in 2017.  dLocal is a leading cross-border payment platform founded upon the mission of closing the payments innovation gap that exists between developed countries and emerging economies. Its 360°, single-API platform is designed to handle and facilitate mass online payments across Latin America, APAC, the Middle East, and Africa. By operating as a merchant’s local payments processor in each country, dLocal empowers global merchants to reach billions of customers, accept payments, send payouts, and settle funds globally.

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