dLocal, Latin America's answer to Stripe, wins UK license in global expansion push
Published On Jan 7, 2025, 3:00 AM
dLocal, a Uruguayan payments firm that operates in Latin America, has acquired a payment institution license in the UK from the Financial Conduct Authority (FCA). This license allows dLocal to onboard UK merchants, marking its expansion into the UK market. The firm plans to target both local UK businesses and global companies with UK operations, leveraging its expertise in cross-border payments for emerging markets. dLocal holds over 30 licenses worldwide and aims to differentiate itself from established competitors by its focus on emerging markets. Despite a decline in market capitalization, dLocal's stock has seen a 40% increase in the last six months.
Stock Forecasts
DLO
Positive
dLocal's successful acquisition of a UK payment institution license positions it well within a competitive market, allowing it to expand its offerings to UK merchants. This expansion can increase revenue streams and bring recognition as a trusted partner for payments in emerging markets, which may enhance investor confidence.