Cross-border payment platform dLocal and Convera have announced a strategic partnership to enhance cross-border payments in emerging markets, focusing initially on Colombia and expanding to Africa, Asia, and Latin America.

 This collaboration aims to address the challenges businesses face when sending funds internationally, such as slow settlement times, high costs, and outdated systems, which impact efficiency and growth in cross-border payments in emerging markets.

Through their partnership, Convera and dLocal will streamline supplier disbursements, payroll, and vendor payments by enabling cost-effective and compliant cross-border transactions.

Convera’s customers will benefit from dLocal’s network, which facilitates secure local payouts via bank transfers, starting in Colombia and expanding to other regions.

This transition from legacy processes to agile, localised payment rails ensures faster settlements and full regulatory compliance in each market.

As businesses expand in emerging markets, the need for efficient local payment solutions becomes increasingly important for operational success.

The collaboration between Convera and dLocal simplifies cross-border transactions, enabling companies to operate seamlessly and scale globally.

Both firms are committed to broadening their reach and supporting enterprises in the world’s fastest-growing economies.

Convera VP, Global Head of Treasury David Teirney stated, “Partnering with dLocal aligns with our mission to make global business payments simple, smart and secure to help our customers grow with confidence. By leveraging dLocal’s robust infrastructure and deep market knowledge, we empower our customers to accelerate payment processing, reduce transaction costs, and achieve greater predictability when operating in emerging markets.”

dLocal head of EMEA Agustin Botta added, “At dLocal, we empower businesses to overcome the complexities of cross-border payments in emerging markets. By combining our local expertise with a robust, scalable platform, we enable faster, more reliable, and fully compliant supplier and vendor payouts. This helps companies reduce costs, improve cash flow predictability, and expand seamlessly across Africa, Asia, and Latin America.”

Convera is a global player in commercial payments, with a regulatory footprint and financial network spanning more than 140 currencies and 200 countries and territories.

Convera combines technology-led payment solutions with expertise in foreign exchange, risk management, and compliance.

dLocal enables local payments in emerging markets by linking global enterprise merchants with billions of consumers across regions such as Asia-Pacific, the Middle East, Latin America, and Africa.

In September, Western Union teamed up with dLocal to provide digital payment options on its online platforms in Latin American markets.