dLocal, a Uruguay-based cross-border payment platform that connects global merchants to emerging markets, has formed a strategic partnership with Panda Remit, a remittance provider headquartered in China that facilitates international money transfers.
The partnership enables Panda Remit to expand its payout capabilities across African markets, offering recipients improved access to secure and efficient remittance services.
Access to reliable remittance options is critical in emerging markets, particularly in Africa, where financial inclusion often depends on mobile wallets and bank transfers.
By utilising dLocal’s infrastructure, Panda Remit aims to address these issues through more efficient transaction processes, reduced costs, and broader market access.
The collaboration provides access to local and alternative payment methods, including mobile wallets such as M-Pesa, Orange Money, and Airtel Money, across key markets in North, West, and East Africa.
Alfred Yang, Head of Region at Panda Remit, said:
“Partnering with dLocal enables us to expand our presence across Africa, offering reliable payout options that meet the diverse needs of our users. At Panda Remit, it’s crucial to simplify international cross-border remittances and provide an affordable, efficient way for users to send and receive funds.”
Justin Goh, Head of China at dLocal, added:
“Seamless remittances are a lifeline for millions in emerging markets, and enabling fast, cost-effective cross-border payments is at the core of what we do. By partnering with Panda Remit, we’re driving their expansion of financial services across Africa, enabling faster, more secure fund transfers that not only benefit individuals but also strengthen the remittance landscape.”
Featured image credit: Edited by Fintech News Africa, based on image by starline via Freepik
