dLocal partners with ACE Money Transfer

The partnership supports dLocal’s commitment to develop an improved payment infrastructure in emerging markets, fostering fast, convenient, secure, and economical remittance solutions for emigrants. The two companies see the APAC and EMEA regions as areas for expansion due to the increased demand for international remittances. According to ACE Money Transfer’s officials, the company offers money transfers to more than 100 countries and aims to address the global payment gaps so that customers can transfer funds without friction and delays.

dLocal and ACE Money Transfer’s objective is to advance the financial technology sector, specifically regarding cross-border transactions, while fostering financial inclusivity for global citizens. The two companies intend to prioritise speed, security, and accessibility so that they can support expatriates in providing for their families and contributing to their home economies. 

Through its solutions, dLocal enables local payments in emerging markets, connecting global enterprise merchants with emerging market consumers in 40 countries across APAC, the Middle East, Latin America, and Africa. With the One dLocal platform, global companies can accept payments, send payouts, and settle funds worldwide without having to manage separate pay-in and payout processors, set up multiple local entities, and integrate various acquirers and payment methods in each market.

Recently, Great Learning, a global ed-tech company, partnered with dLocal to enable local payment methods and instalments in Mexico, Brazil, and Colombia. The collaboration allows the two companies to promote inclusivity in education by offering instalments in the three regions. By using dLocal’s cross-border payments platform, Great Learning intends to improve the affordability of its programs, enabling customers to pay in their local currency and up to 12 instalments.

Moreover, in July 2023, dLocal was licensed as a payment institution by the Central Bank of Brazil. Through this, the company can offer a suite of financial services and take part in PIX, as well as accept deposits from the public and manage e-wallets. 

Based in the UK, ACE Money Transfer provides online international remittance services, being regulated by the Financial Conduct Authority (FCA) as an Authorised Payment Institution (API). At the beginning of September 2023, the company partnered with Bank Alfalah to provide clients based in Pakistan with improved remittance services. Through this strategic deal, customers can leverage ACE Money Transfer’s mobile application in order to pay utility bills, a feature that aims to improve the overall client experience by offering convenience and service accessibility. 

Source: Link