Topper by Uphold e dLocal se unem para ampliar flexibilidade de pagamentos em mercados emergentes

A dLocal, an international payments company specializing in high-growth markets, has formed a strategic alliance with Topper by Uphold. This refers to Uphold's on-ramp platform (a service for converting government-issued currency to purchase cryptoassets) — a multi-asset digital solution that uses an “Anything-to-Anything” model, meaning it facilitates transactions to and from precious metals, fiat currencies, and cryptoassets.

The objective of this partnership is to combine dLocal's payment processing expertise with Uphold's versatile platform and enhance financial accessibility in emerging markets. According to the The Global Findex Database 2021 – World Bank, only 28% of the Latin American population owns a credit card. Meanwhile, the use of alternative payment methods ranges from 60% to 89% depending on the country, indicating a local preference for such methods and untapped potential.

With the expansion of Topper by Uphold into Latin America, the partnership with dLocal will help provide tailored alternative payment methods and access to various government-issued currencies to meet regional needs in Brazil and Mexico, in addition to enabling bank transfers in Chile and Colombia. This will eliminate the limitations associated with single payment methods and fiat currencies.

“Providing our users with access to local currencies and offering a variety of payment methods are crucial to our mission of delivering accessible financial services for everyone,” said Robin O’Connell, CEO of Enterprise at Uphold. “Partnering with an industry expert like dLocal will help us break down barriers and deliver a seamless, inclusive financial experience for our users in our markets.”

“Collaborating with Topper by Uphold to launch alternative payment methods in such a complex and high-growth industry is a testament to our commitment to financial inclusion,” stated Justo Benetti, Senior Vice President for the Americas at dLocal. “We are excited about this expansion of our scope and the provision of innovative payment solutions that meet the diverse needs of users in emerging markets.”.