😎 Uruguayan platform dLocal partners with MoneyGram to conquer Africa and Southeast Asia

😎 Uruguayan platform dLocal partners with MoneyGram to conquer Africa and Southeast Asia

Let’s open new markets!❗️ Until now, the uruguayan company dLocal had primarily operated in Latin America.

➡️ dLocal is a "unicorn" specializing in sub-acquiring. Their business model involves onboarding companies (regardless of their GEA origin) onto their platform. To do this, the platform in the host country purchases a license from a local acquirer. Consequently, the costs are borne by the host... but there’s a catch: the additional fees for using different currencies result in an increase in service costs for plastic card users.

➡️ Despite this, in 2023, the company processed $17.7 billion in payments.

➡️ Since 2021, dLocal has been listed on the New York Stock Exchange (something like this). The company has invested in AI and ranks among the ten lowest-rated in the low-price category.

➡️ Meanwhile, MoneyGram operates in 36 countries and processes around $200 billion a year. Currently, digital transactions represent over 50%, and they offer a low consumer fee of 2.9%, compared to the industry average of 6.35%.
This partnership appears quite promising, particularly given that Africa and Southeast Asia are rapidly expanding markets.

#news #Uruguay #Africa #Asia

🏦 Payouter.com — reliable payment partner in CIS and India 🇮🇳, with 54% conversion on initial payments.