Business
dLocal and ACE Money Transfer Partner to Facilitate Instant and Convenient Remittances in APAC and EMEA
As trusted payout partners, dLocal and ACE Money Transfer are providing fast, secure, and cost-effective remittance solutions in emerging markets.
About this update from Dlocal Limited
[{"type":"text","content":"\nAs trusted payout partners, dLocal and ACE Money Transfer are providing fast, secure, and cost-effective remittance solutions in emerging markets.\n\n\n MANCHESTER, England & MONTEVIDEO, Uruguay--(BUSINESS WIRE)--\nDLocal Limited (Nasdaq: DLO), the technology-first payments partner for global companies expanding into emerging markets, has partnered with ACE Money Transfer, a UK-based online international remittances service provider, to strengthen payout services across APAC and EMEA.\n\n\nEMEA countries recorded $79 billion in remittances in FY22, which is 19% higher than the preceding year (FY21). On the contrary, APAC countries observed a mere 0.7% increase in remittances, reaching $130 billion in FY22. Strategic collaborations between financial institutions like ACE Money Transfer and dLocal can foster significant growth in remittance inflows to these regions through streamlined, secure, fast, and convenient processes.\n\n\nUsing ACE Money Transfer and dLocal, customers in the UK, Europe, Canada, Australia, and Switzerland can instantly transfer money to several corridors across APAC and EMEA through payment channels such as Bank Transfers and Wallet Payments. The new partnership furthers dLocal’s mission to build the best payment infrastructure in emerging markets, fostering fast, convenient, secure, and economical remittance solutions for expatriates. This is key to addressing digital divides in developing regions and supporting people at a local level.\n\n\nAs trusted partners to expand financial services into frontier markets, dLocal and ACE Money Transfer are set to revolutionise faster, compliant, and efficient remittance capabilities for expatriates from the said regions. Both organisations see the regions in question as areas for growth due to the increased demand for international remittances.\n\n\nAgustin Cerisola, Head of Asia & Africa, Global Remittances at dLocal said: “We are passionate about improving payments at a local level, playing on regional nuance to ensure people are financially included, but also empowered, and benefit from technological developments in the payments space. Remittances can mean different things to each individual. For example, a lower income household may rely on remittances to finance the purchase of consumer goods, housing, education, and healthcare. For others, remittances may pro...