RizRemit, a digital-first remittance provider focused on simplifying international money transfers, has partnered with dLocal to enhance its payout operations in African and Asian markets.

Supporting Remittances Through Collaborative Efforts

dLocal is a cross-border payment platform that specializes in emerging markets. By partnering with RizRemit, it aims to facilitate faster and more accessible remittance services. The partnership enables RizRemit to leverage local rails such as OPay in Nigeria and JazzCash and EasyPaisa in Pakistan, ensuring recipients can receive funds through familiar channels.

According to the World Bank, remittances represent a significant portion of GDP in over 60 countries, underscoring their importance for economic stability. RizRemit’s collaboration with dLocal aims to offer simpler and more convenient services for cross-border payments, supporting both expatriates and their families.

Enhancing Remittance Flows Through Local Channels

RizRemit recognizes the critical role remittances play in people’s lives. By integrating with dLocal, RizRemit can provide a secure and affordable cross-border payments solution across various corridors, including Asia and Africa.

The partnership brings several benefits to RizRemit’s customers, such as lower operational complexity, faster settlement times, and increased flexibility while maintaining compliance and reliability standards.

Regulatory Milestones for dLocal

This alliance comes after dLocal secured crucial licenses and authorizations in the UAE, Türkiye, and the Philippines. These recent strategic approvals highlight important progress in dLocal’s global expansion, including a Payment Services Licence in the UAE, an authorization to conduct cross-border payments through Lidio Payment Services Inc. (Lidio) in Türkiye, and a Money Services Business Licence in the Philippines.