dLocal's Emerging Perspective - July 2024

Welcome to July’s Emerging Perspective!?

We’re sharing key developments from Africa and Latin America. From Kenya’s increasing inbound remittances?to Mexico’s Q1 2024 foreign direct investment (FDI) growth.?

Additionally, learn how our partnerships with travel companies Wakanow and Gol are streamlining cross-border payments, and enhancing the travel experience for millions. Stay informed, and start reading ??

Regional news ??

Historical FDI for Mexico’s first quarter

Mexico has the second-largest economy in Latin America, and has no plans to slow down.

The Economy Ministry reported that foreign direct investment (FDI) in Mexico for Q1 2024 amounted to USD$20.3 billion – 9% more than Q1 2023. Strong FDI and the fast growth rate of cross-border transactions showcase the business opportunities awaiting in this developing market.

Access Mexico's Payments Handbook?for more info on how money moves in the region.

The latest on Kenya’s money transfer industry

The Central Bank of Kenya (CBK) indicates that Kenyans living and working abroad sent home USD$1.2 billion during the first three months of 2024, representing an 18.8% increase from 2023.

The above highlights the necessity of KCB Bank, one of East Africa's largest banks, and dLocal's extended partnership. dLocal's global clients can now make real-time disbursements to all Kenyan bank accounts, providing KCB Bank customers with innovative payment solutions prioritizing choice, security, and flexibility.?

Access Kenya's Payments Handbook for more info on how money moves in the region.

dLocal highlights ??

Making payments is now simpler than ever for African travelers?

Through our latest partnership with Wakanow , we're streamlining cross-border payments for Wakanow's customers throughout Africa, supporting their expansion into new markets in the region.

Learn more about how this partnership changes the online travel industry.

dLocal streamlines digital payments in Latin America for Gol

GOL Linhas Aéreas customers in Colombia and Uruguay can now transact with their local cards, simplifying digital payments in both markets. Local acquiring creates a more dependable, familiar, and user-friendly payment ecosystem.

Read the full release for more insight.

Until then, check out dLocal 's Emerging Markets Payments Handbook. This comprehensive guide covers all aspects of payments in 12 emerging markets.

Want to talk more about cross-border payments in emerging markets? Get in touch, and we’ll be happy to chat with you!