dLocal works with USI Money

dLocal has announced its partnership with USI Money to streamline cross-border payments for customers and clients in the Asia and Africa region.

Following this announcement, the partnership will enable safe and efficient cross-border transactions by enabling direct transfers to bank accounts and digital wallets such as Bkash and Nagad in Bangladesh, M-Pesa and Airtel in Kenya and Uganda, or UPI in India.

In addition, the solution emphasizes efficiency, ensuring competitive prices and fast turnaround times. By developing a secure environment for customers to conduct their financial transactions, both companies aim to address the challenges of high costs, slow speeds and limited accessibility in cross-border payments.

Learn more about the dLocal x USI Money partnership

The Financial Stability Board notes the high costs, slow speeds and limited access that pose significant challenges in cross-border payments, particularly in emerging markets. According to the FSB, over 40% of transactions take more than a day to clear, resulting in delays in the availability of funds. At the same time, 65% of customers prioritize instant payments, while many are dissatisfied with the processing times and inefficiencies of traditional systems, according to Mastercard Insights.

By partnering with dLocal, USI Money has the opportunity to leverage its optimized technology and extensive network to enhance its service offering across the Asia and Africa region. The companies will continue to focus on ensuring users can access their funds quickly and cost-effectively, a process that will improve the cross-border payments experience in these developing regions. The partnership will also address the global challenges of cross-border transactions and take important steps to overcome the obstacles faced by users.

Additionally, the collaboration underlines dLocal’s commitment to emerging markets while enabling the company to enable fast and secure cross-border transactions and improve accessibility in the current financial landscape. Both financial institutions will continue to focus on meeting customers’ needs, preferences and requirements in an ever-evolving market, while prioritizing compliance with the regulatory requirements and laws of local industries.