- Ebury and dLocal team up to make global transactions smoother, especially in African markets.
- Businesses can now enjoy enhanced efficiency and cost-effectiveness with dLocal’s advanced payment solutions integrated into Ebury’s services.
Ebury, a global financial services firm, has entered into a strategic partnership with dLocal, a leading cross-border payment platform specializing in high-growth markets. The collaboration aims to bolster Ebury’s capabilities in facilitating international transactions, particularly within African markets, while ensuring seamless access and streamlined processes for its clients.
It’s complicated: Two ostensibly #Ripple partnered platforms; dLocal & Ebury have connected in Africa, to expand Ebury. Ebury acquired Bexs (ODL) and dLocal (Ripplenet) has been quiet for a couple of years. Ebury also recently signed w/ Nium. 1/4https://t.co/G8VEWi0Ezz
— WrathofKahneman (@WKahneman) March 27, 2024
Through the use of dLocal’s experience and cutting-edge payment technologies, the cooperation is expected to transform Ebury’s cross-border commerce division completely. Additionally, Ebury plans to optimize pay-ins and payouts throughout African marketplaces by integrating dLocal’s technology to streamline procedures and guarantee transparency throughout the transaction lifecycle.
According to Joe Kemsley, Head of Product Strategy at Ebury, cross-border payments require transparency and dependability. Though he acknowledged the difficulties of doing business in developing nations, he was optimistic that Ebury and its clients could overcome these obstacles thanks to their cooperation with dLocal.
Empowering Clients for Global Expansion
Ebury provides a wide range of financial services designed to satisfy the various demands of enterprises involved in international trade. The company employs over 1,700 people and operates 38 locations in over 25 countries. By working with dLocal, Ebury is demonstrating its continued dedication to empowering its customers and providing them the means to enter Africa’s dynamic markets with greater assurance, efficiency, and economy.
Agustin Botta, Head of EMEA at dLocal, reiterated the importance of adapting to the evolving global payments landscape. He emphasized dLocal’s commitment to empowering businesses to thrive in emerging markets by leveraging its extensive banking network to provide liquidity and competitive rates, thereby facilitating their expansion with confidence and ease.
Facilitating Expansion into Emerging Economies
This strategic alliance comes on the heels of Ebury’s acquisition of Prime Financial Markets in 2023, further solidifying the company’s position as a leader in simplifying international trade for businesses. Moreover, by harnessing dLocal’s extensive network and expertise in emerging markets, Ebury aims to provide its clients with unparalleled access to liquidity and competitive rates, enabling seamless expansion into regions with immense growth potential.
Additionally, integrating dLocal’s technology into Ebury’s platform promises to streamline cross-border transactions, offering clients greater visibility, control, and reliability throughout the payment process. With an emphasis on transparency and user experience, Ebury and dLocal are poised to set a new standard for cross-border commerce, revolutionizing how businesses navigate international transactions.
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In the short term, XRP’s trajectory appears upward, as indicated by its stable position at $0.62, following a slight decline of 0.12%. The path of least resistance for XRP prices seems northwards, with trading volume steadily increasing.
