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dLocal Unveils Guide to Payments Across Latin America, Asia and Africa

Although cash payments currently account for over one-third of transactions in Africa, the use of cash is expected to dwindle over time as its young population gains spending power; says cross-border payment platform, dLocal.

In the first edition of a new dLocal handbook, ‘Emerging Markets Payments Handbook: A guide to successfully transacting with local payment methods in Africa, Asia, and Latin America‘, the firm aims to offer international companies insights and necessary context to expand into high-growth markets.

dLocal explains that emerging economies and complex markets are home to around 85 per cent of the global population; highlighting the huge opportunity for international businesses to service their needs.

Just shy of 90 per cent of the world’s under-30 demographic also resides within these regions. In order to take advantage of the opportunity, dLocal has highlighted a range of emerging payment methods, alongside a breakdown of specific countries across the globe – to help firms understand how to best service each one.

Pedro Arnt, CEO of dLocal
Pedro Arnt, CEO of dLocal

Pedro Arnt, CEO of dLocal, said: “As our global population surpasses eight billion, with projections soaring to nearly 10 billion by 2050, the opportunities within emerging markets have never been more promising. In 2024, emerging and developing economies are poised to contribute 66.7 per cent to global growth, outpacing their more developed counterparts.

“However, emerging markets are extremely fragmented and over 50 per cent of transactions are cash-based, while 80 per cent are done via payment methods other than credit cards – those challenges, combined with regulatory hurdles can prove very daunting without considering a payments platform specialising in those markets.”

Identifying potential worldwide

Across Africa, there are over 350 million financially excluded adults (55 per cent do not have a bank account, credit cards, loans or savings). This is thanks to inadequate financial education and lack of formal ID documents, according to the new dLocal report.

Africa famously has a fragmented cross-border payment landscape, with regulations differing wildly from country to country.

Despite this, each country offers very different possibilities. dLocal explains how Egypt, Kenya, Nigeria, as well as South Africa are unique, and how companies should approach each one.

The report also covers a wide range of other regions and countries including:

  • India
  • Indonesia
  • Malaysia
  • Philippines
Latin America
  • Argentina
  • Brazil
  • Chile
  • Mexico


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