dLocal & ACE Money Transfer team to facilitate remittances in APAC and EMEA

By Gloria Mathias

DLocal, the technology-first payments partner for global companies has partnered with ACE Money Transfer, a UK-based online international remittances service provider, to strengthen payout services across APAC and EMEA.

Using ACE Money Transfer and dLocal, customers in the UK, Europe, Canada, Australia, and Switzerland can instantly transfer money to several corridors across APAC and EMEA through payment channels such as Bank transfers and Wallet Payments. Both organisations see the regions in question as areas for growth due to the increased demand for international remittances.

The new partnership furthers dLocal’s mission to build a payment infrastructure in emerging markets, fostering fast, convenient, secure, and economical remittance solutions for expatriates.

Agustin Cerisola, Head of Asia & Africa, Global Remittances at dLocal said, “Remittances can mean different things to everyone. For example, a lower-income household may rely on remittances to finance the purchase of consumer goods, housing, education, and healthcare. For others, remittances may provide capital for entrepreneurial activities or cover business costs such as imports or debts. The key is that remittances and international payments need to be reliable and secure.”

Rashid Ashraf, the CEO of ACE Money Transfer shared, “It is important to have a like-minded partner when you move into new territories. We found dLocal’s approach aligned with ours and was invaluable when we explored new markets. ACE Money Transfer provides fast and secure money transfers to over 100 countries and moves quickly to address payment gaps globally, ensuring our customers can transfer money abroad without friction and delays. I look forward to seeing where the partnership with dLocal takes us next.”

The partnership between dLocal and ACE Money Transfer marks a pivotal advancement in the financial technology sector, particularly concerning cross-border transactions. This alliance stands to bolster the economic links between APAC and EMEA and the diaspora communities in the UK, Europe, Canada, Australia, and Switzerland and promises a future where financial inclusivity is within reach for global citizens.