dLocal Expands African Footprint, Partners with Verve and Fawry

Uruguay-based payment platform dLocal expanded its presence in Africa to cover Kenya, Senegal, Ghana, and Cameroon. Additionally, the company also announced its strategic partnerships with in Nigeria (Verve) and Egypt (Fawry).

Kenya: merchants in Kenya can now accept payments from mobile money platforms mPesa and Airtel.

Senegal: Merchants expanding into Senegal can now take payments from mobile money platforms Orange and Wizall Money.

Ghana: dLocal has enabled payment acceptance for merchants in Ghana to include mobile money platforms Vodafone, MTN, Tigo, and Airtel.

Cameroon: Added payment methods include mobile money platforms Orange and MTN.

With the partnership, the payment provider is now supporting the 47 million locally issued Verve cards and tokens through its payment platform. What's more, Fawry will help the company to add over 166,500 cash payment locations to its payment network.

Adebiyi Aromolaran, Head of Expansion Africa at dLocal, commented: “Africa is a tremendous untapped e-commerce opportunity. The number of internet users is significant, starting 2020 with 453 million users, and the region has huge potential for growth with an under 40% penetration rate. Mobile money schemes are experiencing the most growth in Sub-Saharan Africa. Mobile money platforms, such as mPesa, Orange, and Tigo, for example, have grown in popularity across the continent and should be accepted by companies looking to scale their businesses in this region. We’re excited to expand our network to include these four countries and solve the payments part of the growth equation for our clients.”