dLocal, the leading cross-border payment platform specializing in emerging markets, today announced a strategic partnership with MoneyGram, a leading global financial technology company that connects the world's communities. The partnership will help MoneyGram continue to expand its high-demand services into new markets across APAC & EMEA, with future expansion plans for LATAM, further enhancing the company’s digital receive capabilities.

According to the World Bank, the global average cost to consumers for cross-border payment transactions was 6.35% in the first quarter of 2024, while bank services have remained the most expensive type of cross-border payment, with an average cost of 12.66%. As per MoneyGram data, MoneyGram offers some of the lowest prices in the industry with a global average cost to consumers of around 2.9%, well ahead of UN Sustainability Goals to lower remittance fees to under 3% by year 2030. 

By partnering with dLocal, MoneyGram will continue to streamline cross-border payments and lower costs to consumers by pairing its global network and innovative technology with dLocal’s advanced payout solutions and adaptable local payment methods, such as wallets and bank accounts. This integration will ensure consumers in these high-growth emerging markets can access swift and cost-effective transactions via MoneyGram.

“Our partnership with dLocal is another big step forward in our mission to reach consumers around the world with our leading cross-border payment services,” said Anna Greenwald, Chief Operating Officer at MoneyGram. “With dLocal’s expertise in emerging markets and robust digital payout solutions, we’re positioned to elevate the remittance experience, delivering faster, more seamless transactions, for millions of people across key markets worldwide.” 

“We're thrilled to join forces with MoneyGram, a true pioneer in the international money transfer space,” said Carlos Menendez, Chief Operating Officer at dLocal. “Together, we’re pushing the boundaries of innovation, combining cutting-edge technology with deep local expertise to transform financial access in high-growth markets. This partnership is all about creating faster, smarter, and more inclusive payment experiences for millions of people across the globe.”