The collaboration targets UN goals by reducing remittance fees to below 3%.
In early 2024, the global average cost for cross-border payments stood at 6.35%.
Bloomberg
dLocal, a cross-border payment platform focused on emerging
markets, announced a new partnership with MoneyGram, a global financial
technology company.
The partnership aims to support MoneyGram in expanding its
services across the Asia-Pacific (APAC) and Europe, the Middle East, and Africa
(EMEA) regions. Future expansion is planned for Latin America (LATAM). The
collaboration will enhance MoneyGram's digital payment capabilities in these
regions.
Cross-Border Costs Remain High
Anna Greenwald, Chief Operating Officer at MoneyGram, Source: LinkedIn
The partnership comes at a time when cross-border payment
costs remain high. Data from the World Bank shows the global average cost for
these transactions was 6.35% in the first quarter of 2024. Bank services, in
particular, had the highest average cost at 12.66%.
“Our partnership with dLocal is another big step forward in
our mission to reach consumers around the world with our leading cross-border
payment services,” said Anna Greenwald, Chief Operating Officer at MoneyGram.
“With dLocal’s expertise in emerging markets and robust
digital payout solutions, we’re positioned to elevate the remittance
experience, delivering faster, more seamless transactions, for millions of
people across key markets worldwide,” she added.
Partnership Lowers Payment Fees
Carlos Menendez, Chief Operating Officer at dLocal, Source: LinkedIn
According to MoneyGram, it has positioned itself as a
low-cost option for cross-border payments. Company data shows that it offers an
average fee of 2.9%, which is below the United Nations' target of reducing
remittance fees to under 3% by 2030.
The partnership with dLocal will help MoneyGram streamline
its operations by combining its global network with dLocal’s payout technology.
This includes local payment options like digital wallets and bank accounts,
which are expected to further lower costs for consumers.
“We're thrilled to join forces with MoneyGram, a true
pioneer in the international money transfer space,” said Carlos Menendez, Chief
Operating Officer at dLocal.
“Together, we’re pushing the boundaries of innovation,
combining cutting-edge technology with deep local expertise to transform
financial access in high-growth markets,” he continued. “This partnership is all about creating
faster, smarter, and more inclusive payment experiences for millions of people
across the globe.”
dLocal, a cross-border payment platform focused on emerging
markets, announced a new partnership with MoneyGram, a global financial
technology company.
The partnership aims to support MoneyGram in expanding its
services across the Asia-Pacific (APAC) and Europe, the Middle East, and Africa
(EMEA) regions. Future expansion is planned for Latin America (LATAM). The
collaboration will enhance MoneyGram's digital payment capabilities in these
regions.
Cross-Border Costs Remain High
Anna Greenwald, Chief Operating Officer at MoneyGram, Source: LinkedIn
The partnership comes at a time when cross-border payment
costs remain high. Data from the World Bank shows the global average cost for
these transactions was 6.35% in the first quarter of 2024. Bank services, in
particular, had the highest average cost at 12.66%.
“Our partnership with dLocal is another big step forward in
our mission to reach consumers around the world with our leading cross-border
payment services,” said Anna Greenwald, Chief Operating Officer at MoneyGram.
“With dLocal’s expertise in emerging markets and robust
digital payout solutions, we’re positioned to elevate the remittance
experience, delivering faster, more seamless transactions, for millions of
people across key markets worldwide,” she added.
Partnership Lowers Payment Fees
Carlos Menendez, Chief Operating Officer at dLocal, Source: LinkedIn
According to MoneyGram, it has positioned itself as a
low-cost option for cross-border payments. Company data shows that it offers an
average fee of 2.9%, which is below the United Nations' target of reducing
remittance fees to under 3% by 2030.
The partnership with dLocal will help MoneyGram streamline
its operations by combining its global network with dLocal’s payout technology.
This includes local payment options like digital wallets and bank accounts,
which are expected to further lower costs for consumers.
“We're thrilled to join forces with MoneyGram, a true
pioneer in the international money transfer space,” said Carlos Menendez, Chief
Operating Officer at dLocal.
“Together, we’re pushing the boundaries of innovation,
combining cutting-edge technology with deep local expertise to transform
financial access in high-growth markets,” he continued. “This partnership is all about creating
faster, smarter, and more inclusive payment experiences for millions of people
across the globe.”
Bank of London Product Head: “Clients Don’t Want to Wait for Cutoff Times” On-Chain
How does the Finance Magnates newsroom handle sensitive updates that may affect a brand?
How does the Finance Magnates newsroom handle sensitive updates that may affect a brand?
Yam Yehoshua, Editor-in-Chief at Finance Magnates, explains the approach: reaching out before publication, hearing all sides, and making careful, case-by-case decisions with balance and responsibility.
⚖ Balanced reporting
📞 Right of response
📰 Responsible journalism
#FinanceMagnates #FinancialJournalism #ResponsibleReporting #FinanceNews #EditorialStandards
Yam Yehoshua, Editor-in-Chief at Finance Magnates, explains the approach: reaching out before publication, hearing all sides, and making careful, case-by-case decisions with balance and responsibility.
⚖ Balanced reporting
📞 Right of response
📰 Responsible journalism
#FinanceMagnates #FinancialJournalism #ResponsibleReporting #FinanceNews #EditorialStandards
Executive Interview | Kieran Duff | Head of UK Growth & Business Development, Darwinex | FMLS:25
Executive Interview | Kieran Duff | Head of UK Growth & Business Development, Darwinex | FMLS:25
Here is our conversation with Kieran Duff, who brings a rare dual view of the market as both a broker and a trader at Darwinex.
We begin with his take on the Summit and then turn to broker growth. Kieran shares one quick, practical tip brokers can use right now to improve performance. We also cover the rising spotlight on prop trading and whether it is good or bad for the trading industry.
Kieran explains where Darwinex sits on the CFDs-broker-meets-funding spectrum, and how the model differs from the typical setups seen across the market.
We finish with a look at how he uses AI in his daily workflow — both inside the brokerage and in his own trading.
Here is our conversation with Kieran Duff, who brings a rare dual view of the market as both a broker and a trader at Darwinex.
We begin with his take on the Summit and then turn to broker growth. Kieran shares one quick, practical tip brokers can use right now to improve performance. We also cover the rising spotlight on prop trading and whether it is good or bad for the trading industry.
Kieran explains where Darwinex sits on the CFDs-broker-meets-funding spectrum, and how the model differs from the typical setups seen across the market.
We finish with a look at how he uses AI in his daily workflow — both inside the brokerage and in his own trading.
Why does trust matter in financial news? #TrustedNews #FinanceNews #CapitalMarkets
Why does trust matter in financial news? #TrustedNews #FinanceNews #CapitalMarkets
According to Yam Yehoshua, Editor-in-Chief at Finance Magnates, in a world flooded with information, the difference lies in rigorous cross-checking, human scrutiny, and a commitment to publishing only factual, trustworthy reporting.
📰 Verified reporting
🔎 Human-led scrutiny
✅ Facts over noise
According to Yam Yehoshua, Editor-in-Chief at Finance Magnates, in a world flooded with information, the difference lies in rigorous cross-checking, human scrutiny, and a commitment to publishing only factual, trustworthy reporting.
📰 Verified reporting
🔎 Human-led scrutiny
✅ Facts over noise
In this video, we take an in-depth look at @Exness , a global multi-asset broker operating since 2008, known for fast withdrawals, flexible account types, and strong regulatory coverage across multiple regions.
We break down Exness’s regulatory framework, supported trading platforms including MetaTrader 4, MetaTrader 5, Exness Terminal, and the Exness Trade App, as well as available account types such as Standard, Pro, Zero, and Raw Spread.
You’ll also learn about Exness’s leverage options, fees and commissions, swap-free trading, available instruments across forex, commodities, indices, stocks, and cryptocurrencies, and what traders can expect in terms of execution, funding speed, and customer support.
Watch the full review to see whether Exness aligns with your trading goals and strategy.
👉 Explore Exness’s full broker listing on the Finance Magnates Directory:
https://directory.financemagnates.com/multi-asset-brokers/exness/
📣 Stay up to date with the latest in finance and trading. Follow Finance Magnates for industry news, insights, and global event coverage.
Connect with us:
🔗 LinkedIn: /financemagnates
👍 Facebook: /financemagnates
📸 Instagram: https://www.instagram.com/financemagnates
🐦 X: https://x.com/financemagnates
🎥 TikTok: https://www.tiktok.com/tag/financemagnates
▶️ YouTube: /@financemagnates_official
#Exness #ExnessReview #Forex #FinanceMagnates #ForexBroker #BrokerReview #CFDTrading #OnlineTrading #MarketInsights
In this video, we take an in-depth look at @Exness , a global multi-asset broker operating since 2008, known for fast withdrawals, flexible account types, and strong regulatory coverage across multiple regions.
We break down Exness’s regulatory framework, supported trading platforms including MetaTrader 4, MetaTrader 5, Exness Terminal, and the Exness Trade App, as well as available account types such as Standard, Pro, Zero, and Raw Spread.
You’ll also learn about Exness’s leverage options, fees and commissions, swap-free trading, available instruments across forex, commodities, indices, stocks, and cryptocurrencies, and what traders can expect in terms of execution, funding speed, and customer support.
Watch the full review to see whether Exness aligns with your trading goals and strategy.
👉 Explore Exness’s full broker listing on the Finance Magnates Directory:
https://directory.financemagnates.com/multi-asset-brokers/exness/
📣 Stay up to date with the latest in finance and trading. Follow Finance Magnates for industry news, insights, and global event coverage.
Connect with us:
🔗 LinkedIn: /financemagnates
👍 Facebook: /financemagnates
📸 Instagram: https://www.instagram.com/financemagnates
🐦 X: https://x.com/financemagnates
🎥 TikTok: https://www.tiktok.com/tag/financemagnates
▶️ YouTube: /@financemagnates_official
#Exness #ExnessReview #Forex #FinanceMagnates #ForexBroker #BrokerReview #CFDTrading #OnlineTrading #MarketInsights
FINANCE MAGNATES LONDON SUMMIT 2025
FINANCE MAGNATES LONDON SUMMIT 2025
The FMLS:25 highlights video is now live - a look back at the conversations, the energy on the floor, and the moments that shaped this year’s summit.
While that’s still fresh, the next launches across the FM Events portfolio are already taking shape.
FM Singapore takes place on the 12-14 of May, connecting the APAC market with its own distinct audience and priorities. FMAS:26 heads to Cape Town on 26–27 May shortly after, bringing the focus to Africa’s trading and fintech ecosystem.
Different regions. Different audiences. Same commitment to building the right rooms for meaningful conversations.
More details coming very soon. The launches are imminent. - here you go
The FMLS:25 highlights video is now live - a look back at the conversations, the energy on the floor, and the moments that shaped this year’s summit.
While that’s still fresh, the next launches across the FM Events portfolio are already taking shape.
FM Singapore takes place on the 12-14 of May, connecting the APAC market with its own distinct audience and priorities. FMAS:26 heads to Cape Town on 26–27 May shortly after, bringing the focus to Africa’s trading and fintech ecosystem.
Different regions. Different audiences. Same commitment to building the right rooms for meaningful conversations.
More details coming very soon. The launches are imminent. - here you go
