Deel has expanded into 19 countries with more than 700 payment methods enabled since 2020
dLocal, the leading cross-border payment platform connecting global merchants to emerging markets, announced new partnership milestones with Deel, a leading global compliance and payroll solution that helps businesses scale their remote workforce capabilities.
“We trust in dLocal being the perfect payments partner to support our expansion. They already have a team on the ground with an impressive experience in Africa – the support they’re providing is invaluable.”
dLocal has been working with Deel since February 2020, when they selected dLocal as its Payment Service Provider (PSP), integrating dLocal’s payout solution to enable companies to deliver direct payouts seamlessly into employees’ bank accounts, in local currencies with no additional fees for recipients.
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To date, the partnership has unlocked more than 700 payment methods across 19 countries worldwide for Deel, resulting in significantly increased payments volumes and achieving a delivery rate of over 99.97%.
The seamless integration has enabled the partners to scale rapidly into new countries over the course of their two-year partnership:
- In February 2020, dLocal and Deel launched in Brazil, Colombia and Mexico
- By December 2020, the partners grew across Latam and Asia, successfully expanding into 6 new countries including: Bangladesh, Bolivia, Chile, China, Costa Rica, Peru, and Thailand
- Over the past 12 months, dLocal and Deel added 8 additional countries including: Argentina, Dominican Republic, Egypt, India, Nigeria, Pakistan, Paraguay, Philippines, and Uruguay
“We have chosen a growth partner that enables us to overcome the complexity of the markets it operates in and move at speed to leverage new growth opportunities,” said Courtney Chin, Head of Fintech Operations at Deel. “We trust in dLocal being the perfect payments partner to support our expansion. They already have a team on the ground with an impressive experience in Africa – the support they’re providing is invaluable.”
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“Deel’s driven mission to support the evolving future of work and ambitious growth goals for global expansion made them a natural partner to scale into new emerging markets under One dLocal approach: one API, one platform, one contract,” said Michel Golffed, SVP Growth at dLocal. “Through our partnership, we have been able to achieve faster payments with frictionless operations at lower costs – and we can’t wait to continue the momentum as Deel further accelerates their promising growth.”
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