Enterprise Ecosystems

dLocal and Convera partner to enhance payment processing

dLocal and Convera partner to enhance payment processing

Uruguay-headquartered dLocal, which describes itself as the leading payment platform connecting global merchants to emerging markets, has announced a new strategic partnership with commercial payments specialist Convera.

With this partnership, dLocal and Convera say they will streamline and scale local payout capabilities in key emerging markets, starting with Colombia and expanding across Africa, Asia and Latin America.

The partners explains that, across emerging markets, businesses face major hurdles when sending funds internationally. These include slow settlement times, high costs, and dependence on outdated systems that continue to limit efficiency and growth. These inefficiencies hurt cash flow and competitiveness, despite cross-border B2B payments being a US$60 trillion market growing at 8.6% annually, led by Latin America, Africa and Asia-Pacific.

Together, Convera and dLocal say they will streamline global supplier disbursements, payroll and vendor payments by enabling cost-effective, compliant cross-border transactions backed by local expertise.

The aim is for Convera's customers to gain access to dLocal's extensive network for efficient, secure local payouts via bank transfers. This shift from legacy processes to agile, localised payment rails, the two companies point out, ensures faster settlements and full regulatory compliance in each market.

As businesses continue to expand in emerging markets, efficient local payment solutions are essential for operational success and organisational growth. Convera and dLocal's collaboration will, the partners say, simplify cross-border transactions, allowing companies to operate seamlessly and scale globally. Both companies say they remain committed to expanding their footprint and empowering enterprises to thrive in the world's fastest-growing economies.

David Teirney, VP, Global Head of Treasury at Convera, explains: "By leveraging dLocal's robust infrastructure and deep market knowledge, we empower our customers to accelerate payment processing, reduce transaction costs, and achieve greater predictability when operating in emerging markets."

This is far from dLocal’s only big payment processing news recently. In September we reported that dLocal and international money transfer company Western Union had announced a strategic alliance to enable digital payment methods on Western Union's online platforms in Latin America.



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