dLocal Ltd. Secures Key Payment Licenses in UAE, Turkey, and Philippines, Boosting Global Expansion

Reuters
20 Jun
dLocal Ltd. Secures Key Payment Licenses in UAE, Turkey, and Philippines, Boosting Global Expansion

dLocal Ltd. has announced the acquisition of key payment licenses in the United Arab Emirates, Turkey, and the Philippines, marking a significant milestone in their global expansion strategy. The company has secured a Payment Services License in the UAE, allowing direct operation of cross-border flows, a partnership authorization with Lidio Payment Services Inc. in Turkey for cross-border payments, and a Money Services Business License in the Philippines for remittance operations. These additions bolster dLocal's portfolio of over 30 global licenses, enhancing its competitive edge and regulatory compliance. CEO Pedro Arnt emphasized the importance of these developments in connecting underserved populations to the global digital economy.

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