DLocal scores UAE, Turkey and Philippines licenses

DLocal, the leader cross-border payment platform specializing in emerging markets, proudly announces the obtaining of three pivotal licenses and authorizations.
0
This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author.
These strategic approvals from regulatory bodies in the United Arab Emirates, Turkey, and the Philippines ignite a new chapter in dLocal's global expansion, reaffirming our steadfast commitment to navigating and upholding the highest standards of regulatory compliance in diverse markets worldwide.
In the United Arab Emirates, dLocal has been granted a Payment Services License. This license enables dLocal to directly operate cross-border flows for both payins and payouts, our two main services, within the country.
In Turkey, dLocal has received authorization from the Central Bank of the Republic of Türkiye to operate cross-border payments via Lidio Payment Services Inc (Lidio). We consider Lidio a key player in the local market, and this authorized partnership will help us to ramp up the volume and operations in the Turkish market.
In the Philippines, a key market for the inflow of remittances, dLocal has obtained a Money Services Business License, allowing the direct operation of remittance flows in the country.
These new licenses join dLocal's growing portfolio of over 30 licenses and registrations worldwide, notably including the FCA (Financial Conduct Authority) license obtained earlier this year in the UK. Operating with this portfolio of licenses provides a compliant framework within local regulatory landscapes, offering a material advantage over competitors and the potential for more efficient direct integrations.
"Expanding our licensed footprint in key high-growth markets like the UAE, Turkey, and the Philippines is essential to our mission of unlocking the power of emerging markets and connecting financial underserved populations to the global digital economy. It demonstrates our commitment to operating under the highest standards of trust and compliance, providing our global merchants with the secure and reliable access they need to reach billions of consumers." said Pedro Arnt, CEO.
dLocal specializes in solving the unique payment challenges in regions where traditional cards represent only a fraction of transactions, connecting global companies to over 900 local payment methods across 40+ countries through a single integration. By enabling merchants to accept payments via methods like digital wallets, instant payment networks, and bank transfers, dLocal empowers populations who rely on these alternative methods and fosters economic growth.

Try Our AI Features

Explore what Daily8 AI can do for you:

Learn with AIFact CheckingText to SpeechAI Summary

Related Articles

The Sun

3 hours ago

• The Sun

Man City vs Al Ain: Get up to £40 free bets to spend on football with talkSPORT BET

MANCHESTER CITY can make it two wins from two Club World Cup games when taking on Al Ain on Monday morning. And brand new talkSPORT BET customers can claim up to £40 in free bets when they register an account and stake at least £20 on the game. How to claim talkSPORT BET offer talkSPORT BET Visit the talkSPORT website HERE* Create an account and Opt In to this promotion via the OFFERS tab Make a deposit Place your first bet up to £40, minimum £20, on any football market, at odds of Evens or greater You must do this within 7 days of registration Once that's settled - win or lose - your account will be credited with up to £40 free bets based on your first bet For example, if you stake £20, you will receive 4 x £5 free bets If you stake £40 you would receive the full 4 x £10 free bets talkSPORT BET: Get up to £40 in free bets - Claim Here* What's the offer? Brand new talkSPORT BET customers can claim a welcome bonus of up to £40 when they register an account. How to claim? Simply visit the talkSPORT BET website on your mobile device and create an account. Opt in to this promotion via the OFFERS tab and then make a deposit via debit card or Apple Pay. Stake £20 or more on any football market at odds of at least Evens. Remember, you must do this within 7 days of opening your account. What happens next? Once that's settled - win or lose - your account will be credited with up to £40 free bets based on your first bet bet. For example, if you stake £20, you will receive 4 x £5 free bets. If you stake £40 you would receive the full 4 x £10 free bets: On settlement of your qualifying bet, your account will be credited with the following: £10 free bet - Bet Builder (if your qualifying bet is £20, you will only receive a £5 free bet) £10 free bet - Correct Score (if your qualifying bet is £20, you will only receive a £5 free bet) And the following free bets, which will be credited 24 hours after the first bonus funds: £10 free bet - To Win and Both Team to Score - 90 mins (if your qualifying bet is £20, you will only receive a £5 free bet) £10 free bet - Acca 4+ selection (if your qualifying bet is £20, you will only receive a £5 free bet) You can read the full breakdown of free bets and more on how to claim talkSPORT BET's welcome offer here* *18+ New customers only. Opt in via mobile device, bet up to £40 (min. £20) on any football market at odds of 2.00+, in 7 days. Get up to £40 in free bets on selected markets. Bonuses expire in 7 days. T&Cs apply. | Please gamble responsibly Remember to gamble responsibly A responsible gambler is someone who: Read our guide on responsible gambling practices. For help with a gambling problem, call the National Gambling Helpline on 0808 8020 133 or go to to be excluded from all UK-regulated gambling websites.

Daily Mail​

7 hours ago

• Daily Mail​

Revealed: The popular tourist destination where Brits will get the best exchange rate

It feels like it's getting more and more expensive to go abroad, and many Brits are really feeling the pinch when it comes to their holidays. But there's a popular tourist hotspot where your pound will stretch further than anywhere else. Post Office Travel Money's Holiday Spending Report looked at how sterling is performing against its 30 bestselling currencies compared with 12 and three months ago. It reveals that visitors to Turkey from the UK will get the most for their money, due to the ongoing, long-term collapse of the Turkish lira. Over the past three months, the lira has fallen by 12.9 per cent against the pound. And, compared with last June, visitors can now expect to receive around £116 (+30.2 per cent) more when they buy £500 worth of lira. The report also reveals the sterling has bounced back against the US dollar and is currently 6.6 per cent stronger than it was a year ago, and has gained 4.9 per cent in the past three months. For £500, tourists will now receive almost £31 more of US dollars, than they would a year ago. The report also reveals the sterling has bounced back against the US dollar and is currently 6.6 per cent stronger than it was a year ago, but Brits are turning their back on the States Despite this bang for your buck, the report found that many Brits are turning away from travelling to the States. Over half (53 per cent) of those surveyed said they'd actively avoid destinations where they think President Donald Trump's tariffs could affect resort prices, and 39 per cent said they categorically will not travel to the States. But those not wanting to go to the US can still benefit from the dollar recovery, as it extends to the Caribbean and Middle East currencies pegged to the dollar. It means Brits planning trips to Barbados, Antigua, Dubai, and other long-haul holiday favourites will get more for their pounds. Meanwhile, holidaymakers rated Spain (41 per cent), Turkey (35 per cent) and Thailand (31 per cent) best value for money out of 39 worldwide destinations. However, the report found the Thai baht was one of only five of the 30 bestselling currencies to rise in value against sterling. A sterling year-on-year fall of 5.2 per cent means that British visitors will get £27.64 fewer Thai baht on a typical £500 currency transaction. Given that almost half (48 per cent) of holidaymakers said they will choose their destination based on the strength of sterling, two other Far Eastern destinations – Vietnam and Bali - will actually offer Brits more for their money. Visitors to Vietnam will get the equivalent of £42.01 – or 9.2 per cent extra - on a £500 purchase of Vietnamese dong. Those choosing Bali, fourth-placed in the barometer, can expect around £33 (7.1 per cent) more in Indonesian rupiah than a year ago. Laura Plunkett, Head of Travel Money at Post Office, said: 'This year's holiday spending research again demonstrates that holidaymakers don't always set a realistic budget and overspend by large amounts as a result. 'It's great to hear that holidaymakers are already planning to budget more for their holidays this year, to avoid coming unstuck when they arrive at their destination.'

Times

11 hours ago

• Times

Are interest-only mortgages too risky for first-time buyers?

Interest-only mortgages are to become an option for most first-time buyers for the first time since the financial crisis. From Monday Gen H, which specialises in loans for first-time buyers, is offering interest-only deals for those with at least a 20 per cent deposit and a minimum income of £50,000. Buyers will need to demonstrate how they will repay the loan, for example by showing that they can save the difference between the monthly costs of a repayment mortgage and their interest-only payments. Gen H will also lend to first-time buyers with as little as 5 per cent deposit on a part interest-only, part repayment basis. Many lenders have started making it easier for first-time buyers to borrow, with some lending up to seven times salary, instead of the standard limit of 4.5 times. But, in an uncertain market, with house prices stagnant in many areas, could this all be too risky? A shove up the ladder Research by the Building Societies Association (BSA), a trade body, suggests that there are 2.2 million 'missing' first-time buyers who should have bought since the financial crisis but have been unable to, either because they have struggled to save a deposit or can't borrow enough. To fill this gap, the government, as part of its drive for economic growth and increased homeownership, has prompted the Financial Conduct Authority (FCA), the City regulator, to lean on banks and relax the lending rules. In the past three months, almost all high street banks have reduced the interest rate at which they 'stress test' borrowers, to see if they could afford payments if rates went up dramatically. Borrowers can now also find more loans at 100 per cent loan-to-value (LTV), where you borrow what the property is worth, without a deposit — another fixture of the pre-2008 mortgage Building Society offers five-year mortgage deals to those with less than a 5 per cent deposit who can prove they have been paying rent at the same level as mortgage repayments for two years. April Mortgages, which began lending in the UK last year, has a no-deposit deal for those with a household income of at least £24,000 who are happy to fix for ten or 15 years. And the ratio of debt to income is being relaxed, with April Mortgages lending up to seven times a borrower's income on its ten or 15-year fixed-rate deals, provided they have at least a 15 per cent deposit. Skipton will lend 5.5 times a buyer's salary if they have an income of £50,000 — up from . £100,000. The downside While lenders have been praised for finding innovative ways to get more people onto the property ladder, concerns have been raised that making it easier to borrow will simply push house prices up, leaving first-time buyers having to find bigger deposits and take on even greater debt. The estate agency Savills estimated that a 1.25 percentage point reduction in stress rates by high street lenders could increase first-time buyer sales 24 per cent over the next five years, but could also push up prices between 5 and 7.5 per cent. That could be a problem when buyers are already stretching themselves. Some 7 per cent of new mortgages were at 90-95 per cent LTV in the first three months of the year, their highest share since 2008, according to the FCA. And while mortgage rates have fallen over the past year, first-time buyers are spending a bigger chunk of their cash on repayments. In March they spent an average of 22.6 per cent of income on their mortgage, the highest proportion since November 2008, according to UK Finance, a banking industry body. 'I'm nervous,' said Neal Hudson from the property data firm Residential Analysts. 'There are good reasons for a bit more flexibility but I fear that lenders and the government are going too far. Now that rates are falling, that saving is being used to push up house prices rather than reducing repayments. That's not good.' Paul Broadhead from the BSA said the return of part repayment and part interest-only loans could be popular because they 'provide a lower deposit threshold but also help affordability, which we know are the two important barriers for first-time buyers'. Critics, however, believe that interest-only loans should remain limited to those with more equity and assets. Martin Stewart from the mortgage broker London Money said: 'Let's not forget that interest-only was one of the significant contributors to the crash in 2008, along with pushes for higher loan-to-value lending and excessive income multiples. Throwing all these things together to limp the housing market forward feels like a dangerous game.' How the interest-only deal works The Gen H interest-only mortgage rates will start at 5.09 per cent for a two-year fix at up to a 60 per cent LTV, with a £1,499 fee, and 5.33 per cent for a five-year fix with the same maximum LTV and fee. For comparison, the best two-year fix for a standard repayment mortgage at 60 per cent LTV is 3.95 per cent and 3.99 per cent for a five-year deal. For those with only the minimum 20 per cent deposit (80 per cent LTV) the two-year fixed rate is 5.44 per cent. For a five-year fix it is 5.38 per cent. In time, Gen H plans to make interest-only deals available to those whose parents can support them by using their investments, buy-to-let property or pension pot as the initial repayment strategy for the loan, which could change if their child was later able switch to a repayment deal. Peter Dockar from Gen H said: 'Interest-only mortgages have long been pigeon-holed as a tool for the rich. But we believe they could fill important gaps for first-time buyers and households on average incomes too. In this landscape, buyers need all the help they can get. We all need to consider how familiar tools might be used in new ways to benefit more people.' Why interest-only became rare Interest-only mortgages were common before the financial crisis, when buyers could get larger loans with few questions about how they planned to repay them. At their peak in 2007 some 51 per cent of new mortgages were either fully or partially interest-only, according to the FCA. House prices fell about 20 per cent between 2007 and 2009 during the financial crisis. This led to mortgage rules being tightened in 2014, making it harder to get interest-only deals and forcing lenders to be much stricter about repayment methods. At the end of last year the total number of home loans on an interest-only basis was 541,000, down from 963,000 in 2012, according to the trade association UK Finance. Only 8.7 per cent of new mortgages in the first three months of 2025 were fully or partially interest-only. Interest-only loans have tended to be limited to wealthier borrowers with more equity. Applicants normally need to earn at least £75,000 a year (or a total of £100,000 on a joint application) and have a 25 per cent deposit and proof of how they will repay the loan. They can only use the sale of their main home as a repayment strategy if there will be enough equity afterwards to buy somewhere else. This has made them largely inaccessible for first-time buyers — lenders including Nationwide Building Society will not give them interest-only mortgages at all. Gen H said buyers would be able to list downsizing as a repayment strategy provided that the interest-only portion of their loan was capped at 60 per cent LTV, and that they would have at least £200,000 in equity (£300,000 in London) after repaying the interest-only mortgage. This would be based on their initial deposit and the capital repayment portion of their loan, and would not assume a future rise in house prices. Other options available Paul Barnes, 40, and James Hope, 36, expected to be saving for another five years to buy their first home in Cambridge — until they found out about an unusual scheme from Cambridge Building Society. Rent to Home offered buyers the chance to enter a ballot, where they could rent a property from the building society for up to three years, after which they could get back 70 per cent of what they had paid in rent to use as a house deposit, as long as they took out their mortgage with the building society. The couple won their chance in 2023: 'We were actually hesitant when we got the call because we thought there must be a catch,' said Barnes, who works for an exam board. 'Cambridge is its own little bubble and it is quite an expensive and competitive market.' They moved into a four-bedroom townhouse in Longstanton, near Cambridge, paying rent of £1,450 a month. It means that after three years they could get about £36,500 back as a deposit. The couple are now two years in and hope that they will own their home by next summer. 'I can't believe schemes like this aren't widely available. It's a massive opportunity for people like us, who might otherwise be struggling to get a foot on the housing ladder due to the cost of living and fierce rental market,' said Hope, who works for the Cancer Research UK Cambridge Institute.