Digital financial ecosystem expansion
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Western Union ties up with dLocal for digital payments in Latin America
Yahoo Financeยท 2025-09-10 12:41
Core Insights - Western Union has partnered with dLocal to enhance digital payment options in Latin America, aiming to provide a more agile and modern payment experience tailored to local preferences [1][2] - The collaboration is expected to empower customers with greater control over international money transfers, allowing them to select payment methods that suit their needs [2] - This partnership is part of a broader strategy to expand the digital financial ecosystem in Latin America, potentially creating new business opportunities [2] Group 1 - The partnership incorporates locally relevant payment methods, including cards and bank transfers, into Western Union's digital channels [1] - dLocal's VP of Sales America emphasized the commitment to boost digital remittances in emerging markets, aiming to reduce costs and speed up transfers [3] - Western Union's interim president highlighted the goal of providing superior solutions to enhance customer experience and facilitate meaningful connections [3] Group 2 - In June, dLocal partnered with BVNK to enable stablecoin-based payouts globally, indicating a trend towards modern payment solutions [3] - Western Union's recent acquisition of International Money Express (Intermex) for approximately $500 million reflects its strategy to strengthen its market position [4]