He dLocal Uruguayan unicorn agreed to a new strategic alliance with the payroll and payments platform Papaya Global, with the aim of enhancing its service in Latin America, Asia and Africa.
The fintech, which during 2023 increased its income by 59%, thus aims to enable global organizations to pay their employees anywhere in the world, on time and in local currency.
This way, dLocal sealed its second agreement in less than a month, having deepened its partnership with the leading financial technology company in mid-March Ebury, to consolidate its operations in emerging markets.
The scope of the agreement with Papaya
With the agreement, mutual customers of dLocal and Papaya They will now be able to pay employees, partners, independent workers and suppliers more easily, within the framework of an alliance that already governs Africa and countries like Chile, Colombia, Mexico, Indonesia and Vietnam.
“In the current payments landscape, you cannot be global without thinking locally,” he said. Agustín Botta, director of dLocal for the EMEA region (Europe, Middle East and Africa), after highlighting that the markets that use this solution had significant increases in the payment volume, as well as fewer inconveniences and improvements in delivery rate.
Regarding the scope of this agreement, he maintained that clients “can now easily execute payments in compliance with regulations, regardless of the different payment ecosystems.”
For its part, Ori Shilo, Vice President of Business Development and Partnerships at Papaya Global, called the alliance “truly exciting” and said: “Together we are reshaping the global landscape, ensuring an exceptional payment experience, without borders or concessions.”
How much are dLocal shares trading at?
The unicorn closed this Tuesday with a slight drop of 0.18% in its Actions, which today are worth $16.59. However, in April it accumulated a significant improvement, after the collapse of 17.49% on March 19.
The improvement so far this month reaches 12.86%, with respect to the value of 14.70 dollars with which the securities of dLocal They closed March. In any case, the current level is still far from the $18.18 it was trading on March 19, before the market’s reaction to the loss of profits during the fourth quarter of 2023, which was $0.10, when the Analysts’ expectation was $0.15.
Source: Ambito
