dLocal gets green light to operate in three new markets

It has expanded its presence in the Philippines, Turkey, and the UAE.

dLocal has secured regulatory approvals to operate in the Philippines, Turkey, and the United Arab Emirates (UAE).

"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," said Pedro Arnt, CEO of dLocal.

In the Philippines, dLocal has obtained a Money Services Business License, allowing it to handle remittance flows in the country directly.

In Turkey, dLocal has received authorisation from the Central Bank of the Republic of Türkiye to operate cross-border payments via Lidio Payment Services Inc. (Lidio).

Meanwhile, dLocal has been granted a Payment Services License in the UAE, enabling it to directly operate cross-border flows for both incoming and outgoing transactions within the country.