Ebury Partners with dLocal to Enhance Cross-Border Payment in Africa

Wednesday, 27/03/2024 | 11:37 GMT by Tareq Sikder

By integrating dLocal's technology, Ebury aims to optimize pay-ins and payouts in African markets.

Ebury operates globally with over 1,700 employees in more than 25 countries.

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Ebury, a global financial services firm, has announced a strategic partnership with dLocal, a cross-border payment platform specializing in high-growth markets. This collaboration aims to enhance Ebury's capacity to facilitate international transactions, particularly in African markets, while providing clients with seamless access and streamlined processes.

dLocal Collaboration Enhances Ebury's Cross-Border Commerce

The collaboration leverages dLocal's expertise and advanced payment solutions to augment Ebury's capabilities in navigating the intricacies of cross-border commerce. By integrating dLocal's technology, Ebury aims to optimize pay-ins and payouts in African markets, thereby simplifying processes and ensuring transparency throughout the transaction lifecycle.

Joe Kemsley, Head of Product Strategy at Ebury, Source: LinkedIn

Joe Kemsley, the Head of Product Strategy at Ebury, commented: “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, and that’s a win for Ebury and our customers."

Global Reach and Customized Solutions

Agustin Botta, Head of EMEA at dLocal, Source: LinkedIn

This partnership is poised to empower Ebury's clientele, enabling them to expand confidently into Africa's dynamic markets with enhanced efficiency and cost-effectiveness. It has followed Ebury's acquisition of Prime Financial Markets in 2023, further solidifying the company's position as a leader in simplifying international trade for businesses.

Ebury, with a workforce of over 1,700 employees spanning 38 offices across more than 25 countries, offers a comprehensive suite of financial services tailored to meet the diverse international trade needs of businesses.

Agustin Botta, the Head of EMEA at dLocal, said: “As the global payments landscape evolves rapidly, our partnership with Ebury underscores our commitment to empowering businesses to thrive in emerging markets. 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.”