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Ebury seeks to simplify African cross-border commerce through dLocal collaboration

Ebury offers a comprehensive suite of financial services tailored to simplify the international trade needs of businesses. (Image source: Adobe Stock)

Ebury, the global financial services firm, has taken steps to reinforce its commitment to the African continent by forming a collaboration with dLocal, a cross-border payment platform specialising in high-growth markets

In doing so, Ebury will be able to leverage dLocal’s payment solutions to enhance its capabilities in navigating the complexities of cross-border commerce. Ebury will be able to integrate dLocal’s technology to optimise pay-ins and payouts in the African market, streamlining processes and ensuring unparalleled transparency throughout the transaction lifecycle.

“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,” said Joe Kemsley, head of product strategy at Ebury. “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.”

Reaching vibrant African markets

Ebury has explained that this partnership, which follows the acquisition of Prime Financial Markets in 2023, is expected to empower its clients, allowing them to expand their reach into blossoming African markets with ease.

Agustin Botta, head of EMEA at dLocal, commented, “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.”

Sub-Saharan Africa is currently going through a mobile financial revolution, with collaborative initiatives propelling economic growth and breaking down barriers for a more interconnected and empowered continent. Discover more about this phenomenon at: https://africanreview.com/magazines/atr_2024_01_19/spread/?page=10

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