Latest news with #dLocal
Finextra
5 days ago
- Business
- Finextra
DLocal to support RizRemit payouts in Africa and Asia
dLocal (NASDAQ: DLO), the leading cross-border payment platform specializing in emerging markets, has joined forces with RizRemit, a fast-growing digital remittance provider, to support its payout operations in key African and Asian corridors. 0 When remittances fuel entire economies, delays and rigid systems don't just slow transfers—they disrupt everyday life. According to the World Bank, remittances account for 3% or more of GDP in over 60 countries, making fast, flexible access to payment methods on both ends not just helpful, but essential. Through a single integration with dLocal, RizRemit is gaining the tools to make delivery simpler and more in tune with how people actually move money. Backed by this infrastructure, RizRemit can provide its users access to domestic bank rails and popular eWallets like OPay in Nigeria or JazzCash and EasyPaisa in Pakistan—ensuring recipients receive funds through the channels they trust and use. The result is lower operational complexity, faster settlement times, and greater flexibility without compromising reliability. 'Remittances are a lifeline for our users and their families', said Muhammad Rizwan Javeed, CEO at RizRemit. 'To serve their needs, we have to offer options that work reliably. dLocal gives us access to local rails that make sending money faster and more intuitive, while keeping operations simple on our side.' 'RizRemit's focus on high-efficiency remittance flows aligns with our strengths in local infrastructure,' said Martin Sapiurka, Head of Remittances at dLocal. 'Together, we're improving how cross-border payouts are made by connecting directly to the systems people rely on every day.'
Yahoo
25-06-2025
- Business
- Yahoo
dLocal and BVNK collaborate to enable stablecoin-based global payouts
Cross-border payment platform dLocal and stablecoin payments infrastructure provider BVNK have partnered to facilitate stablecoin-based payouts globally. The collaboration will facilitate money movement across over 40 markets. Under the agreement, BVNK will supply dLocal with stablecoin payment rails to support quicker settlements for dLocal's global merchant base. In return, dLocal will provide BVNK access to its Layer1 platform's fiat payout rails, expanding BVNK's presence in emerging markets across Africa, Asia, and Latin America. This will enable customers to use stablecoins for cross-border payments, with funds delivered to recipients in local currencies, according to dLocal. dLocal CRO John O'Brien said: 'dLocal is constantly exploring ways to expand access and improve settlement times for our clients. 'By integrating BVNK's stablecoin capabilities, we can offer even faster, borderless payments - without compromising compliance or control.' The partnership builds on a relationship established in 2016, when dLocal began using stablecoin-based payments as one of the first global payment service providers. The collaboration connects blockchain-based value transfer with regulated fiat settlement systems across more than 40 markets. BVNK co-founder Chris Harmse said: 'With Layer1, we're building a programmable payments network that connects stablecoins with trusted local payout rails. 'By integrating leading providers like dLocal, we're unlocking seamless, compliant value transfer into some of the most complex markets in the world.' dLocal specialises in local payments in emerging markets, connecting global merchants with consumers in regions including APAC, the Middle East, Latin America, and Africa. BVNK provides stablecoin infrastructure for global financial services, holding licences in key jurisdictions and partnering with Tier 1 banks to process transactions for clients such as Worldpay, Deel, and dLocal. "dLocal and BVNK collaborate to enable stablecoin-based global payouts" was originally created and published by Electronic Payments International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Finextra
24-06-2025
- Business
- Finextra
DLocal partners BVNK for stablecoin payouts
DLocal (NASDAQ: DLO), the leading cross-border payment platform specializing in emerging markets and BVNK, the stablecoin payments infrastructure provider for global enterprises and PSPs, today announced a strategic partnership that enables faster, programmable, and more cost-effective money movement across 40+ markets. 0 This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author. Through the dual partnership: ● BVNK will provide stablecoin payment rails to dLocal, allowing them to offer faster settlements to their global merchant base. ● dLocal will offer BVNK access to fiat payout rails via its Layer1 platform, expanding BVNK's emerging markets coverage in Africa, Asia and Latin America. Customers will be able to fund cross-border payments using stablecoins and have them delivered to recipients in local currencies - seamlessly, and at scale. 'dLocal is constantly exploring ways to expand access and improve settlement times for our clients,' said John O'Brien, CRO at dLocal. By integrating BVNK's stablecoin capabilities, we can offer even faster, borderless payments - without compromising compliance or control. 'With Layer1, we're building a programmable payments network that connects stablecoins with trusted local payout rails,' said Chris Harmse, Co-founder at BVNK. 'By integrating leading providers like dLocal, we're unlocking seamless, compliant value transfer into some of the most complex markets in the world.' A proven model for stablecoin-enabled payments The announcement builds on a relationship first established in 2022, when dLocal became one of the first global PSPs to implement stablecoin-based payments. What started as a treasury use case has since evolved into a broader model for merchant funding and global payouts. Together, the companies are building a new layer of financial interoperability - connecting blockchain-native value transfer with regulated, fiat-based local settlement rails across 40+ markets.
Yahoo
23-06-2025
- Business
- Yahoo
dLocal receives payment licences in UAE, Turkey, and Philippines
Cross-border payments platform dLocal has secured licences and authorisations from regulatory bodies in the United Arab Emirates(UAE), Turkey, and the Philippines. In the UAE, the company secured payment services licence that will enable it to manage cross-border payment flows for both payins and payouts within the country. In Turkey, the Central Bank of the Republic of Türkiye has authorised dLocal to conduct cross-border payments through Lidio Payment Services. This company considers Lidio as a partner in the Turkish market, facilitating an increase in its transaction volume and operations in the region. In the Philippines, dLocal has been awarded a money services business licence, which permits the company to handle remittance flows in the country. dLocal CEO Pedro Arnt said: "Expanding our licenced footprint in key high-growth markets like the UAE, Turkey, and the Philippines is essential to our mission of unlocking the power of emerging markets and connecting financial underserved populations to the global digital economy. 'It demonstrates our commitment to operating under the highest standards of trust and compliance, providing our global merchants with the secure and reliable access they need to reach billions of consumers." These licences are the latest additions to dLocal's portfolio, which includes over 30 licenses globally including from the Financial Conduct Authority (FCA) in the UK earlier this year. dLocal's platform offers a connection for global companies to over 900 local payment methods in more than 40 countries through a single integration, facilitating various payment options such as digital wallets, instant payment networks, and bank transfers. Earlier in the month, dLocal partnered with Juspay, a company specialising in payment orchestration. This partnership is intended to integrate dLocal's diverse range of payment methods with Juspay's payment ecosystem, targeting markets in Africa, Asia, and Latin America. "dLocal receives payment licences in UAE, Turkey, and Philippines " was originally created and published by Electronic Payments International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Finextra
20-06-2025
- Business
- Finextra
DLocal scores UAE, Turkey and Philippines licenses
DLocal, the leader cross-border payment platform specializing in emerging markets, proudly announces the obtaining of three pivotal licenses and authorizations. 0 This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author. These strategic approvals from regulatory bodies in the United Arab Emirates, Turkey, and the Philippines ignite a new chapter in dLocal's global expansion, reaffirming our steadfast commitment to navigating and upholding the highest standards of regulatory compliance in diverse markets worldwide. In the United Arab Emirates, dLocal has been granted a Payment Services License. This license enables dLocal to directly operate cross-border flows for both payins and payouts, our two main services, within the country. In Turkey, dLocal has received authorization from the Central Bank of the Republic of Türkiye to operate cross-border payments via Lidio Payment Services Inc (Lidio). We consider Lidio a key player in the local market, and this authorized partnership will help us to ramp up the volume and operations in the Turkish market. In the Philippines, a key market for the inflow of remittances, dLocal has obtained a Money Services Business License, allowing the direct operation of remittance flows in the country. These new licenses join dLocal's growing portfolio of over 30 licenses and registrations worldwide, notably including the FCA (Financial Conduct Authority) license obtained earlier this year in the UK. Operating with this portfolio of licenses provides a compliant framework within local regulatory landscapes, offering a material advantage over competitors and the potential for more efficient direct integrations. "Expanding our licensed footprint in key high-growth markets like the UAE, Turkey, and the Philippines is essential to our mission of unlocking the power of emerging markets and connecting financial underserved populations to the global digital economy. It demonstrates our commitment to operating under the highest standards of trust and compliance, providing our global merchants with the secure and reliable access they need to reach billions of consumers." said Pedro Arnt, CEO. dLocal specializes in solving the unique payment challenges in regions where traditional cards represent only a fraction of transactions, connecting global companies to over 900 local payment methods across 40+ countries through a single integration. By enabling merchants to accept payments via methods like digital wallets, instant payment networks, and bank transfers, dLocal empowers populations who rely on these alternative methods and fosters economic growth.
