- Strategic alliance leverages dLocal’s payment solutions, streamlining cross-border transactions and ensuring transparency in the African market.
- Partnership follows Ebury’s acquisition of Prime Financial Markets, expanding its international footprint and financial service offerings.
Ebury, a leading global financial services firm, recently announced a groundbreaking partnership with dLocal, a distinguished cross-border payment platform known for its expertise in high-growth markets. This collaboration signifies a major advancement for Ebury, underscoring its dedication to enabling businesses to effortlessly access emerging markets throughout Africa.
By joining forces with dLocal, Ebury strengthens its role as a frontrunner in international transactions, utilizing dLocal’s cutting-edge payment solutions to better navigate the intricacies of cross-border commerce.Â
It's complicated: Two ostensibly #Ripple partnered platforms; dLocal & Ebury have connected in Africa, to expand Ebury. Ebury acquired Bexs (ODL) and dLocal (Ripplenet) has been quiet for a couple of years. Ebury also recently signed w/ Nium. 1/4https://t.co/G8VEWi0Ezz
— WrathofKahneman (@WKahneman) March 27, 2024
This strategic alliance aims to deliver exceptional value to Ebury’s clients, allowing for the smooth integration of dLocal’s technology to refine pay-ins and payouts in the African market. The result is a more streamlined process and unmatched transparency at every stage of the transaction lifecycle.
This partnership equips Ebury’s clients with the tools needed to confidently, conveniently, and cost-effectively expand their presence in Africa’s dynamic markets. This move follows Ebury’s acquisition of Prime Financial Markets in 2023, further solidifying its growth and expansion strategy.
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With a global operation that includes over 1,700 employees across more than 38 offices in over 25 countries, Ebury offers a wide array of financial services designed to simplify international trade for businesses.
Joe Kemsley, Head of Product Strategy at Ebury, emphasized the importance of payment transparency and reliability, especially in emerging markets.Â
“Knowing where your payment is, the fees involved before sending, and the assurance of its arrival by the expected date are crucial,” Kemsley stated.Â
Interesting UN slide, "Payment Tech. in a political context, "cites #Ripple [sic]; " Ripple is a well-managed example, Bitcoin is not" as a private cryptocurrency. (They call it crypto but not #XRP) Doc brings together crypto & other methods like mBridgehttps://t.co/P7ow40KnrP pic.twitter.com/4GUThJV8aH
— WrathofKahneman (@WKahneman) March 28, 2024
He further elaborated on the challenges of ensuring dependability and a positive experience in these markets but expressed confidence that the partnership with dLocal would address these challenges, benefiting both Ebury and its customers.
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Agustin Botta, Head of EMEA at dLocal, highlighted the global payments and the shared commitment of dLocal and Ebury to empower businesses in emerging markets. Through dLocal’s extensive banking network, the partnership aims to provide Ebury’s clients with liquidity and competitive rates, facilitating their confident and seamless expansion into emerging economies.
With a market capitalization of $34.438 billion, XRP remains a major player in the cryptocurrency space. The circulating supply of XRP is 54.88 billion tokens. This considerable market cap and supply reflect XRP’s wide adoption and its role in facilitating global financial transactions, particularly in the realm of cross-border payments through Ripple’s network.
