Cross-border payment platform dLocal has secured three new licences and authorisations from regulatory bodies in the United Arab Emirates, Turkey, and the Philippines.
These three new licences join the growing portfolio of over 30 licences and registrations worldwide that dLocal has amassed, including the Financial Conduct Authority (FCA) licence it obtained in the UK earlier this year.
In the United Arab Emirates, dLocal has been granted a Payment Services Licence. This licence enables dLocal to directly operate cross-border flows for both payins and payouts, its two main services, within the country.
In Turkey, dLocal has received authorisation from the Central Bank of the Republic of Türkiye to operate cross-border payments via Lidio Payment Services Inc (Lidio). The emerging markets-focused payment platform says it considers Lidio a key player in the local market, with this authorised partnership helping it to ramp up the volume and operations in the Turkish market.
In the Philippines, a key market for the inflow of remittances, dLocal has also obtained a Money Services Business Licence, allowing the direct operation of remittance flows in the country.
“Expanding our licensed footprint in key high-growth markets like the UAE, Turkey, and the Philippines is essential to our mission of unlocking the power of emerging markets and connecting financial underserved populations to the global digital economy,” said dLocal CEO, Pedro Arnt. It demonstrates our commitment to operating under the highest standards of trust and compliance, providing our global merchants with the secure and reliable access they need to reach billions of consumers.”
dLocal specialises in regions where traditional cards represent only a fraction of transactions, connecting global companies to over 900 local payment methods across over 40 countries through a single integration. By enabling merchants to accept payments via methods like digital wallets, instant payment networks, and bank transfers, dLocal aims to empower populations which rely on alternative methods, while fostering economic growth.
