dLocal, a cross-border payment platform connecting global merchants to emerging markets, and National Exchange Company, an Italy-based international money transfer operator serving over 5 million customers across 90+ countries worldwide, have announced a partnership to power cross-border remittance payouts across markets in Africa, APAC, and Latin America.
Cross-border remittances remain one of the most complex and fragmented areas of global payments, particularly across emerging-market corridors where delivery uncertainty, high costs, and infrastructure gaps continue to affect operators and recipients alike.
With the global remittance market projected to grow to $270.81 billion by 2032, the pressure on money transfer operators to deliver fast, reliable payouts at scale has never been greater.
Through this partnership, dLocal connects National Exchange to local payment infrastructure across 18 markets through a single integration, removing the need to manage multiple local providers or entities. National Exchange can settle payouts in local currency, with faster delivery times and higher conversion rates across all supported corridors.
In Africa, National Exchange customers can send funds via bank transfers and eWallets across Nigeria, with access to all major banks, as well as Senegal, Ivory Coast, and Egypt. In APAC, recipients in the Philippines can receive funds via GCash, Maya, GrabPay, and a wide range of other local eWallets.
Across Latin America, recipients in Brazil can access funds instantly through PIX, available around the clock, as well as via bank transfers in Chile, Peru, Ecuador, Costa Rica, Guatemala, Honduras, and Paraguay.
“Our customers expect fast, transparent, and dependable remittances,” said Mr. Ifath Farazy, CFO at National Exchange. “With dLocal’s local rails and coverage, we strengthen payout reliability and reach, improving delivery times and ensuring recipients can access funds through the methods they use most.”
“Remittance operators are under real pressure to deliver,” said Martin Sapiurka, head of Remittances at dLocal. “Their customers are sending money to family members who depend on it arriving quickly and in full. Working with National Exchange, we’re making sure that last mile works reliably, whether that’s an instant PIX transfer in Brazil, a mobile wallet in Ghana, or a bank deposit in Morocco. That’s what local rails are for.”
