AdLocal, international payment company specialized in high-growth markets, formed a strategic alliance with theTopper by Uphold.It is an on-ramp platform (government-issued currency conversion service for purchasing crypto assets) from Uphold, multi-asset digital solution that uses the "Anything-to-Anything" model, that is to say, makes transactions to and from precious metals, currencies and cryptoassets
The goal of this partnership is to combine dLocal's payment processing experience with Uphold's versatile platform and increase financial accessibility in emerging markets. According to theThe Global Findex Database 2021 – Banco Mundial, only 28% of the Latin American population have a credit card. Meanwhile, the use of alternative payment methods ranges from 60% to 89% depending on the country, what shows the local preference for them and a potential to be unlocked
With the expansion of Topper by Uphold to Latin America, the partnership with dLocal will help provide tailored alternative payment methods and access to various government-issued currencies to meet the regional needs of Brazil and Mexico, in addition to allowing bank transfers in Chile and Colombia. In this way, the limitations associated with single payment methods and current currencies will be eliminated
"Giving our users access to local currencies and offering a variety of payment methods is crucial to our mission of providing accessible financial services for everyone", said Robin O’Connell, CEO of Enterprise at Uphold. "Closing a partnership with a specialist in the sector like dLocal will help us break barriers and provide a limitless and inclusive financial experience for our users in our markets".”
"The collaboration with Topper by Uphold to launch alternative payment methods in such a complex and high-growth sector is a testament to our commitment to financial inclusion", affirms Justo Benetti, senior vice president for the Americas at dLocal. "We are happy with this expansion of our area of operation and the offering of innovative payment solutions that meet the diverse needs of users in emerging markets"
