dLocal, the payment platform connecting global merchants to emerging markets, announced a partnership with Belmoney, the Remittance-as-a-Service (RAAS) provider in Europe.
The global remittance industry remains burdened “with high fees and slow transaction speeds.”
According to the IMF, transfers under $200 incur average fees “of 10%, reaching up to 20% in smaller migration corridors.”
The United Nations’ Sustainable Development Goals call for a “reduction in remittance costs to 3%, yet the current average sits at 6.5%—posing a financial burden on senders and recipients, particularly in low-income regions.”
Through this partnership, dLocal enables Belmoney to facilitate cross-border payouts, leveraging over “900 local and alternative payment methods (APMs), such as credit and debit cards, bank transfers, and instant transactions in Bangladesh, Ecuador, Peru, and Pakistan.”
This integration reportedly improves “processing speeds, service reliability, and cost efficiency, ensuring that users receive their funds quickly and securely.”
Leveraging dLocal’s expertise, Belmoney is expanding into markets like China and advancing innovation with being Europe’s Remittance-as-a-Service (RAAS) platform.
By reinforcing payment infrastructure, the platform “helps MTOs scale efficiently, streamline transaction processing, and enhance compliance for seamless cross-border operations.”
Bruno Pedras, Founder & CEO at Belmoney said:
“By integrating with dLocal’s comprehensive network, we can significantly lower costs, improve transaction speeds, and provide a better cross-border payments experience for both senders and recipients.”
dLocal powers local payments in emerging markets “connecting global enterprise merchants with emerging market consumers.”
Through the “One dLocal” concept (one direct API, one platform, and one contract), global companies can “accept payments, send pay-outs and settle funds globally without the need to manage separate pay-in and pay-out processors, set up numerous local entities, and integrate multiple acquirers and payment methods in each market.”
Belmoney is a European fintech company focused on international payments.
As the first Remittance-as-a-Service (RAAS) provider in Europe, Belmoney empowers banks and money transfer operators “with remittance solutions, payment aggregation, and embedded financial services.”
With operations in 180+ countries, Belmoney is dedicated “to financial inclusion and seamless global transactions.
Also the company operates as a payment aggregator, “connecting multiple remittance companies to a unified network, enhancing their ability to reach new markets and optimize operations.”
This model allows regional players to compete with industry participants such as Remitly, Ria, Wise, and Sendwave, “leveraging Belmoney’s infrastructure to process transactions efficiently and at scale.”
