dLocal's Emerging Perspective - April 2024
Read about dLocal’s latest earnings call, an exciting leadership announcement, and some fascinating perspectives on the empowerment of women in fintech. We welcome a new addition to Emerging Perspectives: dLocal Insights with Brazil Country Manager Martin Oberlander. Plus, learn about the domestic card scheme taking Turkey by storm, and the explosion of real-time payments in the complex payment landscape of Asia.
Happy reading!
Industry Insights
Women in fintech: Empowering the Queen bees
dLocal’s Country Manager for India Sumedha Dutta weighs in on female leadership in fintech in a fascinating new article, in which she stresses the importance of harmony and flexibility in supporting the queen bees in the hive of fintech.
Real-time payments in Asia
Real-time local payments have become the go-to payment method in Asia, largely due to a high unbanked population and a complex and diverse regulatory landscape. For example, in India, where 224 million people remain unbanked, real-time online payments account for a huge 81% of all payments.?
With Asia expected to exceed 50% of the world GDP by 2040, the use of real-time local payment methods like UPI shows no sign of slowing down. Merchants are increasingly choosing to offer these local payment methods in order to offer their goods and services in these regions, without the need to set up a local entity in each country.
Troy cards: taking over the Turkish market
In 2016, Turkey launched its first major domestic card scheme, Troy. Issued by more than 20 Turkish banks, Troy cards can be used at all ATMs and point-of-sale terminals across Turkey. Adoption has been rapid, with over 19 million Troy cards in circulation by the end of 2023, and with an 100% acceptance rate among Turkish merchants, this number is only expected to grow.?
About dLocal
Welcome Pedro Arnt as sole CEO
Pedro Arnt , who until now served as Co-CEO of dLocal, has assumed sole CEO responsibilities, with Sebastián Kanovich stepping back to lead the newly established Commercial, Business Development and M&A Committee as part of the company's Board of Directors.
In an exclusive interview with Forbes, Pedro dives into how dLocal has gone from strength to strength while navigating the challenging landscape of emerging markets, and emphasizes the need for strategic adaptation to seize future growth opportunities in these fast-expanding regions.
领英推荐
dLocal Insights with Brazil Country Manager: Martin Oberlander
We spoke with Martin Oberlander Holz , dLocal’s Country Manager for Brazil, about Brazil’s payment landscape challenges and dLocal's solutions for the market.
How did you enter the payment industry?
My background has always been finance, in various industries. I previously worked as treasurer for Lloyds TSB Uruguay before joining dLocal as Brazil's Country Manager in 2020.
What are the challenges of Brazil's payment landscape?
Brazil's strict regulations and rapid changes pose challenges, notably in staying compliant and adapting. The country's payment chain complexities, like rules against sub-acquiring for digital wallets, demand innovative solutions.What solutions does dLocal offer in Brazil? dLocal is licensed by the Central Bank of Brazil, allowing us to provide flexible solutions within strict regulations. We are able to manage eWallets, accept deposits, and participate in local methods like Pix, offering improved user experiences despite regulatory constraints.
Annual results 2023: Earnings call
The dLocal financial results for the 4th quarter and full year of 2023 were revealed earlier this month. Having successfully pushed through a number of market challenges, dLocal achieved a record TPV of USD$18 billion - increasing by 67% YoY, all while expanding into five key markets and growing our global team from 726 in 2022 to 901 by the end of 2023.
Events
Money 20/20, Bangkok, April 23-25
We are delighted to be attending the Money20/20 Asia event in Bangkok on 23-25 April! Join us at this leading industry event about fintech innovation and growth in the Asia region - and catch dLocal’s Head of APAC Joaquin Moreno speaking on a panel about fintech and financial inclusion.
Want to talk more about digital payment markets in 2024? Let's have a chat!
All the best,
The dLocal team