back Back

dLocal & Ria Money Transfer to boost real-time transfers to Africa, Middle East, LatAm

By Delisha Fernandes

June 05, 2024

  • Cross Border Payment
  • Dlocal
  • fintech MENA
Share

dLocal, Papaya GlobaldLocal, a cross-border payment platform, has announced partnership with Ria Money Transfer (“Ria”), a cross-border money transfer industry and business segment of Euronet Worldwide, Inc. (NASDAQ: EEFT).

The integration brings Ria’s 30 years of experience in money remittance and dLocal’s expertise and local payment knowledge to EMEA and LATAM.

Agustin Cerisola, General Manager Africa and Asia, Global Remittances from dLocal stated, “We’re thrilled to support Ria, and work closely with them to support their mission of facilitating financial access through seamless and secure money transfers. The global remittance market is crucial in supporting millions of families worldwide, specifically in the emerging markets dLocal operates in.”

Remittances continue to be a tool for financial security and economic development for millions of people around the world. In 2023, according to the World Bank, remittance flows to low- and middle-income countries were estimated at $669 billion, growing around 3.8%. dLocal’s Payout solution supports partners like Ria to offer seamless, reliable, peer-to-peer payouts and remittances to countries where it’s needed.

Ria and dLocal enable millions to send money home in Africa and Latin America, with peer-to-peer, cross-border payments in South Asia already in the works. Remittance flows to South Asia are estimated to have grown 7.2% in 2023, reaching $189 billion. This partnership allows both companies to deliver innovative solutions to customers through a joint commitment to improving people’s lives.

dLocal powers local payments in emerging markets, connecting global enterprise merchants with billions of emerging market consumers in 40 countries across APAC, the Middle East, Latin America, and Africa. Through the “One dLocal” platform (one direct API, one platform, and one contract), global companies can accept payments, send pay-outs and settle funds globally without the need to manage separate pay-in and pay-out processors, set up numerous local entities, and integrate multiple acquirers and payment methods in each market.

Previous Article

June 04, 2024

DNA Payments expands online card acceptance with Discover Global Network to UK merchants

Read More
Next Article

June 05, 2024

Western Union & Tencent Financial Technology forge cross-border payment alliance

Read More






IBSi Daily News Analysis

UAE, money transfer

June 14, 2024

Cross Border Payment

Digital remittances surge as key lifeline amid global economic challenges, study shows

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

Today

Whale Cloud & Ant International expand eWallet & Super App Technologies

Read More

Today

BNP Paribas and BPCE join forces to create a payment processor

Read More

Today

Aurionpro Payments bags RBI’s final nod for Online Payment Aggregator License

Read More

Related Reports

Sales League Table Report 2023
Know More
Global Digital Banking Vendor & Landscape Report Q1 2024
Global Digital Banking Vendor & Landscape Report Q1 2024
Know More
Wealth Management & Private Banking Systems Report Q1 2024
Wealth Management & Private Banking Systems Report Q1 2024
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q1 2024
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2023