Ebury and dLocal Join Forces to Enhance Global Transactions in African Markets
Ebury, a renowned global financial services firm, has partnered with dLocal, a leading cross-border payment platform specializing in high-growth markets, to offer enhanced efficiency and cost-effectiveness to businesses. The collaboration aims to strengthen Ebury’s capabilities in facilitating international transactions, particularly in African markets, while ensuring seamless access and streamlined processes for its clients.
In a significant move, two Ripple partnered platforms, dLocal and Ebury, have connected in Africa to expand Ebury’s reach. Ebury, which recently acquired Bexs (ODL) and dLocal (Ripplenet), has also signed with Nium. This partnership marks an important step in Ebury’s growth strategy.
By leveraging dLocal’s experience and cutting-edge payment technologies, the cooperation is expected to revolutionize Ebury’s cross-border commerce division. Additionally, Ebury plans to optimize pay-ins and payouts in African marketplaces by integrating dLocal’s technology, ensuring transparency throughout the transaction lifecycle.
Joe Kemsley, Head of Product Strategy at Ebury, emphasizes the importance of transparency and dependability in cross-border payments. Despite the challenges of doing business in developing nations, Kemsley remains optimistic that Ebury and its clients can overcome these obstacles through their collaboration with dLocal.
Ebury is committed to empowering its customers and providing them with the tools to enter Africa’s dynamic markets with confidence, efficiency, and cost-effectiveness. With over 1,700 employees and operations in 38 locations across 25 countries, Ebury is dedicated to meeting the diverse demands of enterprises involved in international trade.
Agustin Botta, Head of EMEA at dLocal, highlights the need to adapt to the evolving global payments landscape. By leveraging its extensive banking network, dLocal aims to empower businesses to thrive in emerging markets by providing liquidity and competitive rates, facilitating their expansion with ease.
This strategic alliance follows Ebury’s acquisition of Prime Financial Markets in 2023, solidifying its position as a leader in simplifying international trade for businesses. By harnessing dLocal’s network and expertise in emerging markets, Ebury aims to offer its clients unparalleled access to liquidity and competitive rates, enabling seamless expansion into regions with significant growth potential.
Integrating dLocal’s technology into Ebury’s platform promises to streamline cross-border transactions, offering clients greater visibility, control, and reliability throughout the payment process. With a focus on transparency and user experience, Ebury and dLocal are poised to set a new standard for cross-border commerce, revolutionizing how businesses navigate international transactions.
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