A cross-border payment platform specialising in emerging markets, dLocal, has announced that it has obtained what it calls three pivotal licenses and authorisations in the Middle East and Asia.

These strategic approvals come from regulatory bodies in the United Arab Emirates, Turkey and the Philippines and, says the company, ignite a new chapter in its global expansion.

In the United Arab Emirates, dLocal has been granted a Payment Services Licence. This licence enables dLocal to directly operate cross-border flows for both pay-ins and payouts, its two main services, within the country.

In Turkey, dLocal has received authorisation from the Central Bank of the Republic of Türkiye to operate cross-border payments via Lidio Payment Services Inc (Lidio), a key player in the local market. This authorised partnership, dLocal believes, will help it to ramp up volume and operations in the Turkish market.

In the Philippines, a key market for the inflow of remittances, dLocal has obtained a Money Services Business Licence, allowing the direct operation of remittance flows in the country.

These new licences join dLocal's growing portfolio of over 30 licences and registrations worldwide. Operating with this portfolio of licenses provides a compliant framework within local regulatory landscapes.

dLocal says it specialises in solving the unique payment challenges in regions where traditional cards represent only a fraction of transactions, connecting global companies to over 900 local payment methods across more than 40 countries through a single integration. By enabling merchants to accept payments via methods like digital wallets, instant payment networks and bank transfers, dLocal explains that it empowers populations who rely on these alternative methods and fosters economic growth.

Through the 'one dLocal' concept (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.