Emerging markets across Asia, Latin America, and Africa often face significant challenges in cross-border payments, primarily due to limited banking access and high transfer costs.
Although digital wallets and instant payment systems are on the rise, many regions remain underserved, impacted by issues like interoperability and accessibility.
With billions of dollars flowing into these regions, improving cross-border payment solutions is crucial to meet the needs of the underserved populations.
To address these barriers, dLocal and Zepz have forged a strategic partnership aimed at streamlining cross-border payments, reducing transfer costs, and enhancing service speed.
This collaboration combines dLocal’s vast network and technological expertise with Zepz’s market reach, creating a seamless, efficient experience for users in emerging markets.
Their shared mission is to bridge financial gaps and bring reliable, affordable payment options to more people.
Leveraging dLocal’s Network and Technology
dLocal’s “One dLocal” model simplifies payments with a single API, one platform, and a single contract, allowing global businesses to manage transactions in high-growth markets effortlessly.
This streamlined approach supports companies in scaling efficiently without the need to juggle multiple payment providers.
With the dLocal network, Zepz will now be able to manage cash flows more effectively, enhancing transaction speeds and reducing overall costs.
Agustin Botta, Head of EMEA at dLocal, expressed enthusiasm for the partnership with Zepz, a major player in cross-border payments for emerging markets. The collaboration aims to achieve financial inclusion and service efficiency, reaching underserved regions and improving financial accessibility.
Expanding Zepz’s Reach Through Reliable Partnerships
Zepz, through its brands WorldRemit and Sendwave, focuses on providing safe, convenient, and affordable financial services to users worldwide.
With a presence in over 4,600 corridors, Zepz enables seamless transactions, which is critical for many migrants who rely on remittances to support families back home.
Zepz’s network of users will now benefit from dLocal’s infrastructure, ensuring faster, lower-cost transactions that meet the evolving demands of emerging market customers.
Zepz’s Global Head of Business Development & FX, Amish Chande, emphasized the partnership’s significance, stating that affordable transfer rates are crucial for supporting communities in emerging markets. He emphasized the commitment to making cross-border payments more accessible and reliable.
Why This Partnership Matters for Emerging Markets
Despite the advancements in digital finance, many people in emerging markets still struggle with accessibility and high costs in cross-border transactions.
dLocal and Zepz aim to fill this gap by leveraging their combined strengths to address these issues head-on.
By making cross-border payments more affordable and efficient, the partnership seeks to boost financial inclusion, enabling more people in these regions to participate in the global economy.
As the digital economy continues to grow, this collaboration between dLocal and Zepz has the potential to reshape the future of payments in emerging markets.
For millions who rely on remittances, this partnership promises a more streamlined and affordable way to support their families and communities.
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