dLocal And Western Union Team Up To Power Digital Payments In Latin América

• Local and alternative payment methods such as immediate bank transfers, card payments and e-wallets, will be incorporated into the remittance services.
• The initial implementation will focus on key markets such as Chile, Mexico, Argentina, Brazil, Panama and Peru, with great possibilities of expansion to other countries.

dLocal, (NASDAQ:DLO), leading payments platform that connects global businesses with emerging markets, and Western Union®, (NYSE:WU), leading international money transfer company, today announced a strategic alliance to enable digital payment methods on Western Union's online platforms in Latin America.

Regional strategic impact

The agreement aims to provide Western Union customers with a more agile and modern payment experience, aligned with local habits and preferences. It incorporates alternative and locally relevant payment methods—such as cards and bank transfers—into the brand's digital channels across countries like Chile, Mexico, Peru, Panama, Argentina, and Brazil, with strong potential for further regional expansion.

This collaboration between dLocal and Western Union will expand the range of payment solutions for remittance customers. It will grant greater autonomy to choose how, when and from where to manage their international money transfers, according to their preferences and needs.

Additionally, the alliance will promote the growth of the digital ecosystem in Latin America, generating new business opportunities in segments with high adoption of digital solutions.