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dLocal and Belmoney Partner to Transform Cross-border Remittances Across Key Emerging Markets
dLocal, the leading payment platform connecting global merchants to emerging markets, has announced a strategic partnership with Belmoney, the first Remittance-as-a-Service (RAAS) provider in Europe.
The global remittance industry remains burdened with high fees and slow transaction speeds. According to the IMF, transfers under $200 incur average fees of 10%, reaching up to 20% in smaller migration corridors. The United Nations’ Sustainable Development Goals call for a reduction in remittance costs to 3%, yet the current average sits at 6.5%—posing a financial burden on senders and recipients, particularly in low-income regions.
Through this partnership, dLocal enables Belmoney to facilitate cross-border payouts, leveraging over 900 local and alternative payment methods (APMs), such as credit and debit cards, bank transfers, and instant transactions in Bangladesh, Ecuador, Peru, and Pakistan—along with digital wallets like OPay in Nigeria and GCash in the Philippines. This integration significantly improves processing speeds, service reliability, and cost efficiency, ensuring that users receive their funds quickly and securely.
Leveraging dLocal’s expertise, Belmoney is expanding into fast-growing markets like China and advancing innovation with being Europe’s first Remittance-as-a-Service (RAAS) platform. By reinforcing payment infrastructure, the platform helps MTOs scale efficiently, streamline transaction processing, and enhance compliance for seamless cross-border operations.
“Our partnership with dLocal is a game-changer in the remittance space,” said Bruno Pedras, Founder & CEO at Belmoney. “By integrating with dLocal’s comprehensive network, we can significantly lower costs, improve transaction speeds, and provide a better cross-border payments experience for both senders and recipients.”
“At dLocal we are committed to simplifying global payments in emerging markets,” said Martin Sapiurka, Head of Remittances at dLocal. “The collaboration with Belmoney ensures that more people in underserved regions have access to fast, reliable, and cost-effective cross-border payments in Africa, Asia and Latin America.
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