Nigeria: Grey Collaborates with dLocal to Transform Cross-Border Payments in Emerging Markets

Nigerian fintech company Grey has announced a strategic partnership with dLocal, a leading cross-border payment platform specializing in emerging markets. This collaboration aims to revolutionize how people in developing regions manage and transfer money across borders, addressing long-standing challenges in global financial transactions.

Despite the proliferation of digital banking solutions, approximately 1.7 billion people around the world remain unbanked, with a significant concentration in developing countries. Traditional banking systems often impose high fees and cause delays in international transactions, creating barriers for those who need to efficiently manage their finances across borders. The partnership between Grey and dLocal seeks to tackle these issues directly.

With this collaboration, Grey users in Brazil, Mexico, Indonesia, South Africa, and the Philippines will now be able to send and receive payments instantly into their wallets and bank accounts at a low cost. This advancement not only simplifies global transactions but also makes them more accessible and affordable for a broader range of people. By utilizing dLocal’s robust infrastructure, Grey is breaking down the barriers that have long impeded financial inclusion in these regions.

This partnership is particularly beneficial for freelancers working with international clients, digital nomads exploring new destinations in Southeast Asia, and individuals sending money to family members back home. The collaboration between Grey and dLocal ensures that global transactions are not only faster and safer but also more convenient than ever before.

The partnership with dLocal is just the beginning of Grey’s larger mission to create a seamless and hassle-free global banking experience for everyone. Through this strategic alliance, Grey is positioned to lead the way in making cross-border payments more inclusive, affordable, and efficient, empowering individuals and businesses in emerging markets to thrive in the global economy. This partnership underscores Grey’s commitment to financial inclusion and its determination to make a lasting impact on the global payment landscape.