August 29, 2024 – In a significant move to enhance financial inclusivity, Grey has partnered with dLocal to simplify and expand cross-border payment solutions across emerging markets. This collaboration promises to offer instant, low-cost international transactions to users in several key regions.
We are expanding cross-border payment solutions with @greyfinance.
This partnership will enable quick, low-cost transfers to wallets and bank accounts in Brazil, Indonesia, Mexico, the Philippines, and South Africa.https://t.co/rPAeLmeUT6pic.twitter.com/e850pJN11P
Despite advancements in digital banking, a staggering 1.7 billion people worldwide remain unbanked, particularly in developing countries. High costs and delays in traditional banking methods often hinder access to financial services. The newly announced partnership between Grey and dLocal aims to address these challenges by leveraging dLocal’s expertise in cross-border payments and Grey’s global banking solutions.
Expanding Horizons: Key Markets and Benefits
The partnership will facilitate seamless, affordable transactions in Brazil, Indonesia, Mexico, the Philippines, and South Africa. Users in these countries will benefit from instant transfers to wallets and bank accounts, significantly improving financial accessibility. Idorenyin Obong, Co-Founder and CEO of Grey, emphasised the importance of this expansion: “dLocal has eased payments integration, simplified regulatory challenges, and ensured a consistent experience across all markets.”
Really proud to be partnering with one of the leading payment companies globally! https://t.co/QO6dDvQuIE
Agustin Botta, Head of EMEA at dLocal, added, “Our partnership allows us to break down financial barriers across emerging markets and ensure quick and affordable access to funds, no matter where our users are.”
A Step Towards Comprehensive Global Banking
This initiative marks a significant milestone in Grey’s mission to deliver a seamless global banking experience. By integrating dLocal’s platform, Grey will enhance its ability to provide secure and efficient financial services to underserved regions. The collaboration is expected to not only improve the ease of cross-border transactions but also contribute to broader economic growth.
Looking ahead, the partnership between Grey and dLocal signifies just the beginning of their shared vision for global financial inclusion. As they continue to expand their services, both companies are committed to innovating and improving access to banking services worldwide.
Conclusion
The partnership between Grey and dLocal represents a pivotal step towards overcoming the barriers of financial exclusion in emerging markets. By offering instant, cost-effective cross-border transactions, this collaboration aims to enhance global financial inclusion and simplify the management of international payments.
