Latin American cross-border payments platform dLocal is expanding its operations in the UK after obtaining an authorized payment institution license from the FCA.
This license allows the Uruguay-based dLocal to provide UK merchants with a wide range of regulated payment solutions, including seamless pay-ins and payouts, cross-border transactions, and fraud controls. The company specializes in connecting global merchants to emerging markets, enabling clients to accept payments, send payouts, and settle funds worldwide without the need to manage multiple pay-in and payout processors or establish numerous local entities.
With this new license, UK merchants can enhance their international presence via dLocal’s 900 alternative payment methods, tailored to consumer preferences in emerging markets.
“Our new Authorised Payment Institution license goes beyond regulatory compliance—it enables us to empower UK-based merchants with access to the vast opportunities in high-growth markets across Africa, Asia, and Latin America,” stated John O’Brien, Chief Revenue Officer and Managing Director UK at dLocal.
Moreover, the company has been selected to join the International Chamber of Commerce UK’s flagship Trade for Prosperity programme, aimed at supporting British businesses in expanding into new markets.
Recently, Reuters reported that publicly-listed dLocal has engaged Morgan Stanley to explore various options, including a potential sale. However, CEO Pedro Arnt clarified in an interview with CNBC that while there is a fiduciary duty to shareholders to consider offers, “the company is not for sale” at this time.