Western Union has partnered with dLocal, a cross-border payment platform, to provide digital payment options on its online platforms in Latin American markets.
The move is expected to align with “local habits and preferences”, offering customers in regions such as Chile, Mexico, Peru, Panama, Argentina, and Brazil a “more agile and modern” payment experience.
The agreement incorporates locally relevant payment methods, including cards and bank transfers, into Western Union’s digital channels.
It is expected to give customers in Latin America greater control over their international money transfers, allowing them to choose the methods that best suit their individual needs, the press release said.
The partnership is also claimed to contribute to the expansion of the digital financial ecosystem in Latin America, potentially creating new business opportunities.
dLocal VP of Sales America Joaquin Moreno said: “The collaboration with Western Union represents our commitment to boost digital remittances in emerging markets, helping to reduce costs, speed up transfers and offer payment options tailored to users’ local preferences.
“By integrating our payments network into their platform, we are facilitating not only access to local and alternative payment methods but also enabling a better remittance sending and receiving experience in Latin America.”
Western Union interim president for the Latin American and Caribbean region Mauricio García stated: “Behind each money transfer there is a story that unites families and communities. Our goal is to provide more and better solutions to give our customers a superior experience.”
“This alliance fills us with pride, as it brings us closer to the purpose of facilitating meaningful connections, through modern, accessible and personalised financial services.”
In June, dLocal teamed up with BVNK, a stablecoin payments infrastructure provider, to enable stablecoin-based payouts globally.
Last month, Western Union agreed to acquire International Money Express (Intermex) for an enterprise value of about $500m ($16 per share).
“Western Union ties up with dLocal for digital payments in Latin America ” was originally created and published by Electronic Payments International, a GlobalData owned brand.
The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
