dLocal and Convera partner to enhance cross-border payments in emerging markets

Core Insights - dLocal and Convera have formed a strategic partnership to enhance cross-border payments in emerging markets, starting with Colombia and expanding to Africa, Asia, and Latin America [1] - The collaboration aims to address challenges such as slow settlement times, high costs, and outdated systems that hinder efficiency in cross-border payments [1][2] Group 1: Partnership Objectives - The partnership will streamline supplier disbursements, payroll, and vendor payments by enabling cost-effective and compliant cross-border transactions [2] - Convera's customers will benefit from dLocal's network, facilitating secure local payouts via bank transfers, beginning in Colombia and extending to other regions [2] - The transition from legacy processes to agile, localized payment systems ensures faster settlements and full regulatory compliance in each market [2] Group 2: Market Importance - As businesses expand in emerging markets, efficient local payment solutions are crucial for operational success [3] - The collaboration simplifies cross-border transactions, allowing companies to operate seamlessly and scale globally [3] - Both firms are committed to broadening their reach and supporting enterprises in the world's fastest-growing economies [3] Group 3: Leadership Statements - Convera's VP, David Teirney, emphasized that partnering with dLocal aligns with their mission to simplify global business payments, helping customers grow with confidence [4] - dLocal's Agustin Botta highlighted the importance of overcoming complexities in cross-border payments, enabling faster, reliable, and compliant payouts [4] - Convera operates in over 140 currencies and 200 countries, showcasing its extensive regulatory footprint and financial network [4] Group 4: Company Capabilities - Convera combines technology-led payment solutions with expertise in foreign exchange, risk management, and compliance [5] - dLocal connects global enterprise merchants with billions of consumers across regions such as Asia-Pacific, the Middle East, Latin America, and Africa [5]