dLocal Becomes Certified Payment Initiation Service Provider in Brazil

Core Insights - dLocal has become a certified Payment Initiation Service Provider (PISP) in Brazil, allowing it to facilitate Pix payments directly within the Open Finance ecosystem without redirecting users to bank apps [1][2] - The certification enhances the checkout process by streamlining transactions and reducing friction, leading to increased conversion rates for Pix payments [2] - A significant portion of Brazilian consumers, 43%, use Pix daily, indicating its growing importance in the payment landscape [3] Company Developments - In April, dLocal partnered with Papaya Global to enable global firms to pay employees in local currencies across various regions, including Latin America, Asia, and Africa [4] - In October 2023, dLocal collaborated with ACE Money Transfer to enhance payout services in the Asia-Pacific region and EMEA, allowing instant money transfers across multiple corridors [5][6] - dLocal emphasizes the necessity of local solutions for global payment strategies, ensuring compliance and quality for customers in diverse payment ecosystems [5]