Cross-border payment platform, dLocal, has agreed a strategic partnership with Ontop, a global payroll platform that facilitates salary payments from companies to remote workers around the world.
According to the Financial Stability Board 2023, fees for international payments currently average 1.5% for corporate transactions and as much as 6.3% for remittances. Additionally, such payments can take several days to reach their recipients.
By partnering with dLocal, Ontop will streamline the payment process, ensuring swift and cost-effective currency conversion to local currencies. These solutions are being introduced in key markets. These include Argentina, Bangladesh, Bolivia, Brazil, Chile, Colombia, Costa Rica, the Dominican Republic, Ecuador, El Salvador, Guatemala, Honduras, India, Indonesia, Mexico, Morocco, Nicaragua, Nigeria, Panama, Paraguay, Peru, Pakistan, the Philippines, South Africa, Thailand, Turkey, and Vietnam, further enhancing the financial infrastructure.
“Partnering with dLocal enables us to offer a seamless and inclusive financial experience worldwide,” said Anas Sohail, Chief Revenue Officer, at Ontop.
“The integration of efficient, low-cost payment solutions is crucial to our mission of simplifying global payroll processes and empowering our users with timely and fair compensation.”
“Collaborating with Ontop underscores our commitment to financial inclusion and innovation in high-growth markets,” said Justo Benetti, SVP Head of Americas at dLocal.
“We are excited to expand our services and continue providing cutting-edge payment solutions that cater to the diverse needs of remote workers globally.”
By leveraging advanced technology, Ontop ensures seamless, efficient, and cost-effective payroll processes, enabling companies to focus on their core business while ensuring timely and accurate payments to their contractors.
"OnTop partners with dLocal across 27 global high-growth markets" was originally created and published by Electronic Payments International , a GlobalData owned brand.
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