dLocal Strengthens Partnership with inDrive to Redefine Payment Access in the Ride-Hailing Sector in Pakistan
The collaboration will also provide seamless access to localized payment solutions across more than 20 countries in Africa, Asia, and Latin America.
Montevideo, Uruguay, November 5th, 2024 - dLocal, the leading cross-border payment platform specializing in emerging markets, today announced a significant step in strengthening its strategic partnership with inDrive, a global mobility and urban services platform.
The riding and hailing sector faces challenges that significantly impact efficiency and user experience, particularly in Pakistan, where timely funds repatriation is crucial. Approximately 100 million adults in Pakistan are unbanked (World Bank Financial Inclusion). Additionally, the reliability of payments is paramount, as drivers need various wallet top-up options to ensure seamless transactions. With drivers transacting over 10 times a day on average, according to some studies (McKinsey), the need for instant payment notifications is vital to enhance their operational efficiency.
Since 2021, dLocal has been committed to expanding payment solutions and enhancing inDrive’s operations to serve a large user base across more than 20 regions in Africa, Asia, and Latin America. As global demand for alternative payment methods (APMs) continues to rise, the latest initiative aims to provide drivers with wallet top-ups, allowing in-app wallets to be funded instantly through payment methods like EasyPaisa and JazzCash in Pakistan. This follows recent launches in other emerging markets, such as Yape in Peru, QRIS in Indonesia, and leading players in Colombia. This collaboration will provide drivers who use InDrive platform with a seamless payment experience. By continuing to offer flexible, localized payment solutions, dLocal empowers businesses like inDrive to thrive in emerging markets by adapting to regional payment needs.
“This collaboration with dLocal helps us to ensure a comfortable and seamless ride-hailing experience for drivers who work with inDrive, especially in markets like Pakistan, where access to financial services is limited for a significant portion of the population. By ensuring instant access to funds and a reliable payment infrastructure, we are reaffirming our commitment to deliver qualitative service to drivers, empowering them to thrive in their work,” said Vasiliy Everstov, Head of Fintech at inDrive.
“Our partnership with inDrive is a game-changer for the mobility sector. By providing tailored payment solutions, we are not only addressing the urgent need for financial inclusion in emerging markets but also revolutionizing how drivers access their earnings. Together, we are building a future where every transaction is seamless and empowers individuals,” said Diego Halegua, Head of Account Management EMEA at dLocal.
About inDrive:
inDrive is a global mobility and urban services platform. The inDrive app has been downloaded over 240 million times, and was the second most downloaded mobility app in 2022 and 2023. In addition to ride-hailing, inDrive provides an expanding list of urban services, including intercity transportation, freight delivery, task assistance and courier delivery. In 2023, inDrive launched New Ventures, a venture and M&A arm.
inDrive operates in 779 cities in 46 countries. Driven by its mission of challenging social injustice, the company is committed to having a positive impact on the lives of one billion people by 2030. It pursues this goal both through its core business, which supports local communities via a fair pricing model; and through the work of inVision, its non-profit arm. inVision’s community empowerment programs help to advance education, sports, arts and sciences, gender equality and other vital initiatives.
For more information visit: www.inDrive.com
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. This streamlined approach enables businesses to thrive in diverse environments while enhancing operational efficiency and reaching underserved populations.
For more information, visit: https://dlocal.com
