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UK’s Ebury partners dLocal to expand footprint across Africa

By , ITWeb
Africa , 27 Mar 2024

Ebury, a global financial services firm headquartered in the United Kingdom, has teamed up with dLocal, a cross-border payment platform focused on high-growth markets, to extend their presence in Africa.

Ebury announced the agreement today, stating that it represents a significant step forward for the company and reinforces its commitment to providing businesses with access to payment solutions targeting emerging markets across Africa.

Joe Kemsley, head of product strategy, Ebury.
Joe Kemsley, head of product strategy, Ebury.

Ebury's collaboration with dLocal to increase its presence in Africa comes after the acquisition of Prime Financial Markets by Ebury, a South African registered financial services company, in 2023.

Ebury stated that the partnership will enable its clients to increase their reach into Africa's "vibrant markets".

Ebury is a global fintech company with 38 offices across 25 countries. In the fiscal year 2023, Ebury expanded global transaction volumes by 32%, reaching more than £25.5 billion. It offers a suite of products including international payments and collections, business lending, and forex risk management.

While Uruguay-founded and NASDAQ-listed dLocal is a payments platform enabling global enterprise merchants to connect with consumers in emerging markets

Joe Kemsley, head of product strategy, Ebury, said: “It’s critically important to know where your payment is, how much the fees are before sending it and to have the assurance that it will arrive on the expected date.

“While that may seem straightforward, it’s difficult to ensure dependability and a great experience in emerging markets, but that’s exactly what we’re able to do by partnering with dLocal.”

According to Agustin Botta, head of EMEA, dLocal, the payments landscape is fast developing.

“By leveraging dLocal’s on-ground banking network, we aim to provide Ebury’s clients with liquidity and the most competitive rates, ultimately facilitating their expansion into emerging economies with confidence and ease,” said Botta

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