Grey, a Nigerian fintech company dedicated to simplifying cross-border payments, has announced a strategic partnership with dLocal, a leading payment platform specializing in building out the infrastructure for financial services in Africa, Asia, and Latin America, to revolutionize cross-border payments in emerging markets.
This collaboration marks a significant step towards making global transactions more accessible, affordable, and seamless for millions of users across the globe.
In an increasingly digital world, the challenges of cross-border transactions remain significant, particularly for individuals and businesses in developing countries. Despite advances in digital banking, around 1.7 billion people globally, still lack access to traditional banking services, making global payments costly, slow, and cumbersome. This partnership between Grey and Local is poised to change that by offering a more efficient and affordable solution.
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Through this partnership, Grey users in countries such as Brazil, Mexico, Indonesia, South Africa, and the Philippines will be able to send and receive payments instantly into their wallets and bank accounts. This service will be available at a low cost, significantly reducing the financial burden associated with cross-border transactions.
Whether a freelancer working for international clients, a digital nomad in Southeast Asia, or simply sending money to family back home, this collaboration ensures that global transactions are not only faster but also more secure and convenient.
Notably, this partnership is just the beginning of Grey’s broader mission to revolutionize global banking. The fintech is committed to providing seamless and hassle-free banking, experience to users around the world, especially in regions where access to financial services has traditionally been limited.
Since its launch in 2020, with over 50+ employees across six countries, Grey has helped hundreds of people open bank accounts and receive payments from companies worldwide. dLocal on the other hand is constantly through its remarkable feature, is constantly pushing the boundaries of innovation to assist merchants and businesses.
The payment platform currently has over 900 payment methods, with more options and alternatives constantly being added. Through developing cross-border financial infrastructures, the payment platform wants to make it as simple as possible to make a transaction or receive a payment within emerging economies. For anyone merchants and their customers alike.
As Grey forms this strategic partnership with dLocal to expand its reach, it remains dedicated to innovating until everyone, regardless of location, can enjoy limitless banking services. Through this partnership, Grey is taking a significant step towards fulfilling its vision of a world where global payments are no longer a barrier but a gateway to new opportunities for all.
The Fintech is on a mission to make it easier for digital nomads and remote workers to live and work in the modern world.