dLocal and Coda announce global strategic partnership to expand gaming payment streams in emerging markets

Montevideo, Uruguay, March 12th, 2025 – dLocal, the leading payment platform connecting global merchants to emerging markets, has announced a strategic partnership with Coda, a leader in digital content monetization. This partnership strengthens Coda's ability to deliver innovative payment solutions by expanding access to trusted local payment methods, unlocking new monetization opportunities for gaming publishers worldwide, with a strong presence in Latin America.

As gaming and digital commerce surge in emerging markets, seamless payments are crucial for growth. According to Grand View Research, Latin America's gaming market is projected to reach $16.1 billion by 2030, while in Africa, the gaming industry generated $1.8 billion in revenue in 2024, with mobile gaming accounting for 90% of this total. Addressing this demand, the alliance empowers users with trusted local payment methods like Pix—expected to surpass credit cards for e-commerce in Brazil by 2025—fueling digital economy expansion and new merchant opportunities.

As part of this partnership, Coda is strengthening its payment solutions by leveraging dLocal’s robust payment network in over 11 emerging markets. The collaboration facilities access to a diverse range of local and alternative payment methods (APMs), including Pix in Brazil, alongside card payments, e-wallets, and bank transfers in Argentina, Bolivia, Chile, Colombia, Mexico, Morocco, Nigeria, Peru, South Africa, and Uruguay.

This partnership also lays the groundwork for future innovation in gaming monetization, with plans to streamline transactions and improve payment experiences in countries like Brazil. By boosting conversion rates and simplifying the checkout process, these advancements will empower Coda’s publishers to optimize revenue while delivering gamers a faster, more seamless experience.

"Coda helps gaming publishers monetize their content and maximize growth globally," said Mukul Chawla, Managing Director - Global Head of Partnerships at Coda."Our partnership with dLocal significantly strengthens our payment capabilities in emerging markets with strong presence in Latin America, allowing us to offer competitive rates, enhance our Pix offering, and drive better conversion rates. As a result, publishers can unlock new revenue streams, and gamers gain secure, reliable access to their favorite games."

“By partnering with Coda, we help global merchants enable user acquisition with ease and speed,” Agustin Cerisola, General Manager Africa, Asia & Remittances at dLocal “Gamers need frictionless payments where decisions happen in milliseconds. Through our partnership with Coda, we're helping them expand their payment options with trusted local methods, increasing their reach and boosting conversion rates for a smoother and more secure payment experience.”

About dLocal

dLocal powers local payments in emerging markets connecting global enterprise merchants with billions of emerging market consumers across APAC, the Middle East, Latin America, and Africa. 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.  For more information, visit https://www.dlocal.com.

About Coda

Founded in 2011, Coda brings over a decade of experience in delivering commerce solutions and strategies that drive revenue growth. Trusted by more than 300 publishers—including industry titans like Activision, Bigo, Electronic Arts, Moonton and Riot Games—Coda grows revenue and deepens customer engagement for our partners by connecting them to 200M+ paying customers worldwide. 

Coda offers a range of commerce, payment and distribution solutions including Custom Commerce, a fully customizable web store, Codapay, which provides direct API payments integration on publishers’ websites, Codashop, the go-to online marketplace for millions of gamers worldwide to purchase in-game content and Distribution, where we extend the reach of Codashop content across our network of trusted commerce partners.Headquartered in Singapore with 400+ Codans globally, Coda has recently been recognized as an APAC High Growth Company (2023) by the Financial Times, one of Granite Asia’s NextGenTech 30 (2024), a payments leader in Fortune’s Fintech Innovation Asia list (2024), and listed in The Straits Times Fastest Growing Fintechs (2024). For more information, visit www.coda.co.