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Currency volatility and the inefficiency of cross-border payments: Latam's dLocal and iTransfer sign a partnership

16/08/2024
Source : ORISHAS-FINANCE
Categories: Sectors

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Latam's dLocal and iTransfer respectively, a Uruguayan cross-border payment platform and a money transfer company, have teamed up to tackle currency volatility and the inefficiency of cross-border payments.

The collaboration aims to offer competitive rates, real-time currency updates, and greater flexibility for users, focusing on mitigating currency risks and improving transfer efficiency. The initial deployment supports bank transfers and wallet payments in Nigeria, Philippines, and Pakistan, with expansion plans in Bangladesh, Morocco, Egypt, and India.

dLocal also plans to extend this service to other countries, including Bangladesh, Morocco, Egypt, and India.
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