๐ Great plan! Uruguay ๐บ๐พ partners with the U.S. ๐บ๐ธ and Belgium ๐ง๐ช to work in emerging markets
๐ Great plan! Uruguay ๐บ๐พ partners with the U.S. ๐บ๐ธ and Belgium ๐ง๐ช to work in emerging markets
To provide more low-cost products in 14 emerging markets across Africa, Asia, and Latin America, the Uruguayan fintech dLocal has partnered with Belgian Belmoney and the U.S. e-commerce platform Temu.
โก๏ธ Belmoney leverages dLocalโs infrastructure, which supports over 900 local and alternative payment methodsโincluding bank transfers, digital wallets, and card paymentsโin Bangladesh ๐ง๐ฉ, Ecuador ๐ช๐จ, Peru ๐ต๐ช, and Pakistan ๐ต๐ฐ.
โก๏ธ The concept of โOne dLocalโ (1 direct API, 1 platform, and 1 contract) allows creating multiple local organizations and integrating various acquirers and payment methods in each market.
โก๏ธ In Latin America, the plan is to expand into Mexico ๐ฒ๐ฝ and Colombia ๐จ๐ด, as well as strengthen its presence in Uruguay.
The goal of this alliance is to broaden financial services for the unbanked population and give them access to affordable products on Temu.
#news #Europe #Ecuador #Peru #Uruguay #Mexico #Colombia #Africa #USA
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