Revolutionizing Cross-Border Payments: dLocal and USI Money's Strategic Alliance

In a groundbreaking move, dLocal, the leading cross-border payment platform specializing in emerging markets, has announced a strategic partnership with USI Money, a prominent foreign exchange provider and money transfer operator. This collaboration aims to tackle the longstanding challenges of high costs, slow speeds, and limited accessibility that have plagued the cross-border payments landscape, particularly in the rapidly growing markets of Asia and Africa.

Empowering Seamless Global Transactions

Addressing the Inefficiencies of Traditional Payment Systems

The Financial Stability Board has highlighted the significant challenges that plague cross-border payments, particularly in emerging markets. Over 40% of transactions take more than a day to settle, causing delays in fund availability and frustrating consumers who prioritize instant transactions. In fact, a recent Mastercard study revealed that 65% of consumers demand instant transactions, but many are dissatisfied with the slow processing times and inefficiencies of traditional payment systems.

Leveraging Innovative Technology and Extensive Networks

Through this strategic partnership, dLocal and USI Money are poised to revolutionize the cross-border payments landscape. By combining dLocal's innovative technology and extensive network with USI Money's expertise in foreign exchange and money transfer operations, the two companies are enabling seamless cross-border transactions. Consumers in Bangladesh, Kenya, Uganda, and India will now be able to enjoy the convenience of direct transfers into their bank accounts and digital wallets, such as Bkash, Nagad, M-Pesa, Airtel, and UPI.

Prioritizing Efficiency and Affordability

At the heart of this collaboration is a commitment to ensuring that users can access their funds quickly and affordably. The partnership's solution prioritizes efficiency, offering competitive rates and fast processing times. By creating a secure environment for users to conduct their financial transactions, dLocal and USI Money are effectively tackling the challenges of high costs, slow speeds, and limited accessibility in cross-border payments.

Empowering Emerging Markets and Enhancing the User Experience

"By joining forces with dLocal, we can leverage their innovative technology and extensive network to enhance our service offerings across Asia and Africa," said Sohail, SVP of Business Development EMEA at USI Money. "Together, we are dedicated to ensuring that users can access their funds quickly and affordably, fundamentally improving the cross-border payment experience in these high-growth regions."

Driving Global Financial Inclusion and Accessibility

"This partnership underscores our commitment to emerging markets and enables us to facilitate fast and secure cross-border transactions, enhancing accessibility in today's financial landscape," said Agustin Botta, Head of EMEA at dLocal. "By empowering USI Money with innovative solutions, we are collectively addressing the global challenges of cross-border payments and making significant strides in overcoming the barriers that users face."The strategic alliance between dLocal and USI Money represents a significant step forward in the quest to revolutionize cross-border payments. By leveraging cutting-edge technology, extensive networks, and a shared vision of financial inclusion and accessibility, the two companies are poised to transform the way individuals and businesses conduct global transactions, ultimately driving economic growth and empowering communities across the world.