dLocal and Zepz partner to provide improved cross-border payments across Africa, Asia, and Latin America

Montevideo, Uruguay, 12th November 2024. - dLocal, the leading cross-border payment platform specializing in high-growth markets, today announced its partnership with Zepz, the group powering global cross-border remittance brands WorldRemit and Sendwave.

Countries in Asia, Latin America, and Africa face significant challenges with cross-border payments due to limited banking access and high costs. While digital wallets and instant payments are expanding, millions remain underserved because of poor interoperability and accessibility. With billions flowing to these regions, there's a clear need for more seamless and affordable payment solutions (2023 McKinsey Global Payments Report).

The collaboration between dLocal and Zepz will continue to develop cross-border payment services across Asia, Latin America (LATAM), and Africa and address the challenge of serving regions with a large portion of the population lacking access to formal banking services. With dLocal’s global reach, Zepz uses advanced tools to manage cash flow effectively and streamline expansion into new markets with minimal setup and expenses. Importantly, this partnership ensures that WorldRemit and Sendwave are equipped with the capabilities to continue providing fast and efficient cross-border transfers to banks and digital wallets worldwide, allowing for fast and efficient payments.

dLocal’s product and technology support optimized offerings in existing markets and new countries allowing the Sendwave and WorldRemit brands to provide an efficient cross-border money transfer service to its customers whilst reducing the cost of transfers globally. This partnership enables Zepz’s users to send to more banks and wallets and continues to open up access to digital cross-border transfers. 

Amish Chande, Global Head of Business Development & FX at Zepz said, "Affordable transfer rates are a significant advantage when it comes to enabling money transfers in emerging markets. As established leaders in facilitating payment entry to emerging markets, we look forward to growing a deep partnership with dLocal. Ultimately, our objectives are to ensure an unparalleled experience for cross-border remittances while addressing the financial gaps and challenges migrants face."

"It’s always a pleasure to partner with some of the world’s largest like-minded players in enabling payment systems for emerging markets, and this opportunity with Zepz provided exactly that," said Agustin Botta, Head of EMEA at dLocal. "We look forward to the prospect of this partnership with achieving their goals of expansion."

About dLocal

dLocal powers local payments in high-growth markets, connecting global enterprise merchants with billions of high-growth market consumers across Africa, Asia, and Latin America. Through the "One dLocal" concept (one direct API, one platform, and one contract), global companies can accept payments, send payouts, 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://dlocal.com

About Zepz

Zepz Group is the group powering leading global remittance brands: WorldRemit and Sendwave. Zepz Group has been disrupting an industry previously dominated by offline legacy players by reducing the barriers to finance and increasing safety and convenience for users. Every day, Zepz Group and its brands work towards unlocking the prosperity of cross-border communities through finance and technology - driven by the vision of a world that celebrates migrants’ impact on prosperity, at home and abroad. Zepz served over 9+ million users through its presence in over 4,600 corridors with over 40 send countries and 90 receive countries. For more information, visit: https://www.zepzpay.com/