dLocal Obtains Regulatory Approvals in Philippines, Turkey, and UAE

dLocal, a cross-border payment platform, has secured key regulatory approvals to expand its operations in the Philippines, Turkey, and the United Arab Emirates (UAE). These new licenses are described as essential to the company's mission of connecting financially underserved populations in emerging markets to the global digital economy.

In the Philippines, dLocal has obtained a Money Services Business License, which will enable it to directly manage remittance flows within the country. For Turkey, the company has received authorization from the Central Bank of the Republic of Türkiye to facilitate cross-border payments through its partnership with Lidio Payment Services Inc. (Lidio). Additionally, dLocal has been granted a Payment Services License in the UAE, allowing it to directly operate both incoming and outgoing cross-border transactions within the country.

Pedro Arnt, CEO of dLocal, commented, "Expanding our licensed footprint in key high-growth markets like the UAE, Turkey, and the Philippines is essential to our mission of unlocking the power of emerging markets and connecting financial underserved populations to the global digital economy." He added that these approvals demonstrate the company's commitment to operating under high standards of trust and compliance, providing global merchants with secure and reliable access to consumers in these regions.

These latest authorizations add to dLocal's portfolio of over 30 regulatory approvals globally. The company focuses on regions where traditional card transactions represent a smaller fraction of payments, aiming to connect global businesses to local payment methods across more than 40 countries through a single integration.