dLocal Expands with Key Licenses in Emerging Markets

dLocal, a cross-border payment platform focusing on emerging markets such as the Asia-Pacific (APAC), Middle East, Latin America, and Africa, has recently acquired three significant licenses. These approvals from regulatory bodies in the UAE, Turkey, and the Philippines are key milestones for the company’s global expansion.

Connecting Global Businesses with Local Consumers

In the UAE, dLocal received a Payment Services License that allows it to handle cross-border transactions directly for its services—pay-ins and pay-outs. Similarly, in Turkey, authorization from the Central Bank of the Republic of Türkiye has been granted through Lidio Payment Services Inc., enabling dLocal to increase its operations and volume within the market. In the Philippines, where remittances are a major inflow, dLocal secured a Money Services Business License, facilitating direct management of remittance flows.

These new licenses add to dLocal’s existing portfolio of over 30 worldwide licenses and registrations, including the Financial Conduct Authority (FCA) license obtained in the UK. This diverse set of licenses ensures compliance within local regulatory environments, providing an advantage for more efficient direct integrations.

Overcoming Payment Challenges for Economic Growth

dLocal aims to address payment challenges prevalent in regions where conventional cards are used infrequently. By integrating over 900 local payment methods across more than 40 countries through a single platform, dLocal helps businesses accept payments via various channels such as digital wallets, instant payment networks, and bank transfers. This approach empowers communities that rely on alternative payment methods, driving economic growth.