DHgate embeds cross-border payments with Merge API
Merge, a London-based fintech company that provides payments and banking infrastructure for digital businesses, has announced a new strategic partnership with DHgate, a leading global B2B e-commerce marketplace.
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The partnership will integrate Merge's advanced API for cross-border payments into DHgate's platform, making transactions smoother and more cost-effective. This means DHgate's customers will enjoy a simpler payment process, reduced transaction costs, and more payment options, eliminating many of the issues faced by marketplaces when using traditional payment service providers.
Leveraging the recent activation of both EMI and VASP licences, Merge's fully regulated API technology enables businesses to easily create, deploy, and manage payment collection and disbursement without requiring significant engineering resources. This provides partners with a more cost-effective, compliant solution for building new payments products or enhancing existing services.
For DHgate, Merge's technology will enhance the overall payments experience and boost conversion rates on their platform. The API grants access to real-time, local payment rails that ensure instant payments and settlements, and significantly reduced chargebacks compared to traditional card payments, all at a fraction of the price.
DHgate joins a long list of prestigious businesses currently utilising the Merge API, showing the growing need for cross-border payments rails within the global eCommerce landscape. With the cross border B2B payment market size valued at around $150 billion in revenue in 2024, Merge is set to expand its global reach and improve the payment rails available to businesses and marketplaces worldwide.
The partnership is a key step in expanding Merge's global presence and reinforcing its mission to facilitate seamless cross-border payments. It also reflects DHgate's commitment to offering reliable, diverse payment options to support the needs of its global customer base.
Kebbie Sebastian, CEO of Merge, said:
By removing the payment friction that often slows international trade, we're helping platforms like DHgate unlock new markets and better serve their global customers. It's a strong validation of our infrastructure and a step forward in our mission to modernize how money moves across borders. This partnership with DHgate reinforces Merge's commitment to enabling efficient, reliable payments for established global platforms.'
Jin Xinyu, Payment Director at DHgate, added:
'As the global leading B2B cross-border e-commerce marketplace, DHGate is at the forefront of innovation in global commerce and money movement is a critical part of that. We are glad to leverage Merge's transformational technology to expand our customer base by offering faster, more cost effective payment options to our customers.
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