Cross-border payment platform dLocal has partnered with global AI device company HONOR to facilitate local payment acceptance for the launch of HONOR’s inaugural website in Peru.
The collaboration aims to bridge the gap between Peru’s rapidly expanding e-commerce market and the specific payment preferences of its consumers, many of whom remain underserved by international credit card networks.
Tapping into LatAm’s fastest-growing market
Peru’s digital economy is currently on a steep upward trajectory, ranking as the fastest-growing e-commerce market in Latin America. Online sales in the country are projected to reach $59.5billion by 2027.
However, international merchants often face a hurdle: while online shopping is booming, only 26 per cent of e-commerce transactions in Peru are completed using international credit cards. The majority of consumers prefer domestic payment methods, creating a friction point for global brands trying to enter the market.
Solving the local payment puzzle
Through this partnership, dLocal will enable HONOR to accept a wide range of local payment methods via a single API integration. This includes:
- Credit cards with installment options, a widely used feature in the Peruvian market.
- Bank transfers and cash payments.
- Local eWallets, specifically Yape.
Yape is a dominant force in Peru’s financial landscape, boasting over 16.5 million active users—nearly half of the country’s population. By integrating these local preferences, HONOR aims to reduce cart abandonment and build trust with Peruvian consumers who expect a localized checkout experience.
Justin Goh, head of China at dLocal, commented on the strategic importance of the move: “HONOR’s products set a high bar for innovation, and their payment experience should reflect the same standard. By processing transactions through domestic rails and supporting key local methods like Yape and Pago Efectivo, we’re helping them connect directly with consumers and build a strong foundation for sustainable growth in Peru.”
The partnership leverages dLocal’s “One dLocal” concept, which allows global enterprise merchants to accept payments, send payouts, and settle funds globally without managing multiple local entities.
For HONOR, a company focused on “revolutionizing human-to-device interactions,” the ability to price in local currency and offer familiar payment methods is a critical step in its regional expansion strategy.
“Launching the website in Peru represents a pivotal moment in HONOR’s Latin American expansion strategy,” said an HONOR spokesperson. “Partnering with dLocal enables Peruvian customers to purchase devices using their preferred payment methods, creating a localized shopping experience that reflects HONOR’s commitment to empowering people with smarter technology.”