Ria Money Transfer and dLocal Partner to Amplify Real-Time Transfers to Africa, Middle East, and Latin America

Money Transfers
04.06.2024 02:15 pm

dLocal, a leading cross-border payment platform, announced a significant partnership with Ria Money Transfer (“Ria”), a global leader in the cross-border money transfer industry and business segment of Euronet Worldwide, Inc.. The integration brings Ria's 30 years of experience in money remittance and dLocal's expertise and local payment knowledge to EMEA and LATAM.

Remittances continue to be a tool for financial security and economic development for millions of people around the world. In 2023, according to the World Bank, remittance flows to low- and middle-income countries were estimated at $669 billion, growing around 3.8%. dLocal's Payout solution supports partners like Ria to offer seamless, reliable, peer-to-peer payouts and remittances to countries where it's needed.

Agustin Cerisola, General Manager Africa and Asia, Global Remittances from dLocal stated, "We're thrilled to support Ria, and work closely with them to support their mission of facilitating financial access through seamless and secure money transfers. The global remittance market is crucial in supporting millions of families worldwide, specifically in the emerging markets dLocal operates in."

Ria and dLocal enable millions to send money home in Africa and Latin America, with peer-to-peer, cross-border payments in South Asia already in the works. Remittance flows to South Asia are estimated to have grown 7.2% in 2023, reaching $189 billion. This partnership allows both companies to deliver innovative solutions to customers through a joint commitment to improving people’s lives.