dLocal and National Exchange Partner to Power Remittance Payouts Across Africa, APAC, and Latin America

WHY THIS MATTERS
This partnership highlights a critical shift in cross-border payments: the move from fragmented, corridor-by-corridor infrastructure to unified access through local rails. Remittances remain one of the most operationally complex areas in payments, particularly across emerging markets where inconsistent banking systems, limited interoperability, and reliance on intermediaries drive up costs and slow delivery times.

By connecting National Exchange to 18 markets through a single integration, dLocal is effectively abstracting that complexity. Instead of managing multiple local partners, currencies, and regulatory frameworks, money transfer operators can access bank transfers, instant payment schemes like PIX, and mobile wallets through one platform. This is increasingly important as recipients in emerging markets expect funds to arrive instantly and in the payment method they actually use—whether that’s a bank account, eWallet, or real-time payment system.

As the global remittance market continues to grow, the focus is shifting from simply enabling cross-border transfers to optimising the “last mile” of delivery—where speed, reliability, and local relevance determine user experience and trust.

dLocal (NASDAQ: DLO), the leading cross-border payment platform connecting global merchants to emerging markets, and National Exchange Company, an Italy-based international money transfer operator serving over 5 million customers across 90+ countries worldwide, have announced a partnership to power cross-border remittance payouts across markets in Africa, APAC, and Latin America.

Cross-border remittances remain one of the most complex and fragmented areas of global payments, particularly across emerging-market corridors where delivery uncertainty, high costs, and infrastructure gaps continue to affect operators and recipients alike. With the global remittance market projected to grow to $270.81 billion by 2032, the pressure on money transfer operators to deliver fast, reliable payouts at scale has never been greater.

Through this partnership, dLocal connects National Exchange to local payment infrastructure across 18 markets through a single integration, removing the need to manage multiple local providers or entities. National Exchange can settle payouts in local currency, with faster delivery times and higher conversion rates across all supported corridors.

In Africa, National Exchange customers can send funds via bank transfers and eWallets across Nigeria, with access to all major banks, as well as Senegal, Ivory Coast, and Egypt. In APAC, recipients in the Philippines can receive funds via GCash, Maya, GrabPay, and a wide range of other local eWallets.

Across Latin America, recipients in Brazil can access funds instantly through PIX — available around the clock — as well as via bank transfers in Chile, Peru, Ecuador, Costa Rica, Guatemala, Honduras, and Paraguay.

“Our customers expect fast, transparent, and dependable remittances,” said Mr. Ifath Farazy, CFO at National Exchange. “With dLocal’s local rails and coverage, we strengthen payout reliability and reach, improving delivery times and ensuring recipients can access funds through the methods they use most.”

“Remittance operators are under real pressure to deliver,” said Martin Sapiurka, Head of Remittances at dLocal. “Their customers are sending money to family members who depend on it arriving quickly and in full. Working with National Exchange, we’re making sure that last mile works reliably, whether that’s an instant PIX transfer in Brazil, a mobile wallet in Ghana, or a bank deposit in Morocco. That’s what local rails are for.”

FF NEWS TAKE
dLocal is doubling down on its role as the infrastructure layer for emerging market payments, and this partnership reinforces its value proposition: local expertise at global scale. The ability to plug into multiple high-growth corridors via a single API is becoming a key differentiator for payment providers competing in the remittance space.

The bigger trend here is localisation at scale. Global players are realising that success in cross-border payments isn’t about building one global system—it’s about connecting to many local ones seamlessly. dLocal’s model aligns with this reality.

However, competition is intensifying. As more fintechs and global processors invest in local rails and real-time payment integrations, the advantage will depend on coverage depth, reliability, and pricing. Partnerships like this show progress, but sustained differentiation will come from execution—particularly in maintaining uptime, compliance, and cost efficiency across increasingly complex markets.