dLocal and MoneyGram, two prominent players in the global financial technology sector, have entered into a strategic partnership.
The core objective of this partnership is to enhance remittance rates and service efficiency across the Asia-Pacific (APAC) and Europe, the Middle East, and Africa (EMEA) regions, with plans to expand into Latin America (LATAM). This collaboration is poised to elevate MoneyGram’s digital capabilities in receiving remittances, reaching more consumers in high-demand markets.
dLocal functions as a dynamic gateway for global enterprise merchants to interact with consumers in fast-growing economies across Africa, Asia, and Latin America. The company’s innovative “One dLocal” model offers a seamless payment solution with a single API, one platform, and one contract, allowing for comprehensive management of both pay-ins and payouts without the complexity of dealing with multiple processors and legal frameworks.
The partnership is set to leverage dLocal’s advanced payout solutions and adaptable local payment methods, such as wallets and bank accounts, to provide consumers in these burgeoning markets with swift and economical transaction options.
Anna Greenwald, Chief Operating Officer at MoneyGram, commented on the collaboration: “Our partnership with dLocal is another big step forward in our mission to reach consumers around the world with our leading cross-border payment services.
“With dLocal’s expertise in emerging markets and robust digital payout solutions, we’re positioned to elevate the remittance experience, delivering faster, more seamless transactions, for millions of people across key markets worldwide.”
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