Uruguayan fintech dLocal received authorization from the UK’s Financial Conduct Authority (FCA) to operate as a payment institution.
dLocal provides cross-border payment solutions for global merchants, offering over 900 alternative payment methods in more than 40 emerging markets through a single API.
The FCA license allows dLocal to help UK-based clients enter regions with low penetration of traditional payment methods, where international credit cards account for only 20% of transactions.
“The UK has become a hub for many global companies—including American and some Asian businesses—for their emerging market expansion, primarily in Africa and, in some cases, Latin America,” said Pedro Arnt, CEO of dLocal.
Founded in 2016, dLocal now holds over 30 regulatory licenses globally and is listed on the Nasdaq with $3.4B in market capitalization.
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