USI Money joins forces with dLocal 23 October 2024Africa Reporter: Clelia Frondaroli
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USI Money has partnered with dLocal to enhance cross-border payment solutions in Asia and Africa.
This partnership aims to facilitate the growth of seamless cross-border payments across Southeastern markets, through the development of direct transfers into digital wallets and bank accounts. This includes accounts such as Bkash in Bangladesh, M-Pesa and Airtel in Kenya and Uganda, and India’s UPI.
By providing a secure environment for users to complete their financial transactions, the companies say that this will help tackle some of the obstacles that cross-border payments currently face in these regions, such as high costs and limited accessibility.
Sohail Ahmad, senior VP for business development EMEA at USI Money, comments: “By joining forces with dLocal, we can leverage their innovative technology and extensive network to enhance our service offerings across Asia and Africa.”
Head of EMEA at dLocal, Agustin Botta, adds: “By empowering USI Money with innovative solutions, we are collectively addressing the global challenges of cross-border payments and making significant strides in overcoming the barriers that users face.”
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