San Francisco-based dLocal, a fintech company that specializes in cross-border payments for emerging markets, announced it has launched Marketplace Payments, a new payments product designed specifically for marketplaces whose buyers or sellers are based in emerging markets.

DealeXtreme and LightInTheBox are the first two global marketplace companies to add dLocal's new plug-and-play product to their payments suite, enabling them to easily accept all the local payment methods in Latin America with just one click, according to a press release.

DLocal said that the Marketplace Payments enables companies to more easily enable their sellers to expand their reach into high-growth emerging markets in Latin America where e-commerce and mobile commerce use is on the rise, but penetration of international credit cards is low. With just one click, marketplace sellers can add over 200 locally relevant payment methods into their check-out flows and immediately start selling online to local customers, according to the release.

"Payments in emerging markets are fragmented and complex, and large marketplaces that sell online services face challenges providing a simple, yet comprehensive payment solution to their sellers," Sebastian Kanovich, dLocal CEO, said in the release. "We aim to make mass payments in emerging markets a better process, and are excited to continue making e-commerce a truly global experience by leveling the playing field for consumers and businesses in emerging markets."