dLocal and Grey have announced a partnership to pursue payments and transfers in emerging markets.
Grey is a US start-up focused on providing global cross-border payments across the US, UK, Europe, Asia, and Africa. dLocal targets connecting merchants with consumers in Africa, Asia and Latin America.
The partnership expects to provide cross-border payouts to wallets and bank accounts into new markets such as Brazil, Indonesia, Mexico, the Philippines, and South Africa.
Idorenyin Obong, CEO and co-founder of Grey, says expanding into a single market is hard, much less multiple markets. dLocal will help stramline payments integration and regulatory challenges while allowing them to focus on providing global banking services to their users.
Agustin Botta, Head of EMEA at dLocal, said the partnership will allow them to break down financial barriers across emerging markets.
