Grey Partners with dLocal to Drive Expansion into New Emerging Markets

Grey, a U.S.-based FinTech firm specializing in cross-border payment solutions, has entered into a strategic partnership with dLocal, a leading cross-border payment platform in emerging markets. This alliance will facilitate Grey's expansion into Brazil, Indonesia, Mexico, the Philippines, and South Africa.

This collaboration aims to tackle the issue of financial exclusion by offering instant, low-cost international transfers to wallets and bank accounts. The Global Findex database reports that around 1.7 billion adults remain unbanked, primarily in developing countries, making affordable financial services crucial.

Idorenyin Obong, CEO and co-founder of Grey, noted the complexities of expanding into multiple countries at once. He highlighted that dLocal's streamlined payments and simplified regulatory challenges would allow Grey to focus on its core mission of delivering inclusive global banking solutions.

Agustin Botta, Head of EMEA at dLocal, emphasized the importance of reducing cross-border fees to ensure the value of money transfers, positioning the partnership as a significant advancement in breaking down financial barriers in emerging markets.