RizRemit, a digital-first remittance provider focusing on facilitating international money movement, has joined forces with dLocal to enhance its payout operations in African and Asian markets.
Supporting Remittances in Emerging Markets
Remittances are crucial for many economies, serving as a lifeline for millions of people. According to the World Bank, remittances contribute significantly to GDP in over 60 countries. To ensure efficient and reliable payments, RizRemit is integrating with dLocal, which specializes in cross-border transactions.
RizRemit aims to offer simpler and more convenient services for its customers by leveraging local rails such as OPay in Nigeria and JazzCash and EasyPaisa in Pakistan. This collaboration allows RizRemit to provide a faster and more secure payment solution, aligning with dLocal’s mission to streamline cross-border transfers.
Expanding into Key Markets
dLocal recently obtained critical licenses in the UAE, Turkey, and the Philippines. These regulatory approvals underscore dLocal’s commitment to expanding its global footprint and improving cross-border payment solutions. By integrating with local rails, RizRemit aims to offer a seamless experience for both senders and recipients.
