The licence allows dLocal to provide an array of regulated payment solutions to UK-based merchants. Credit: Wirestock Creators/ Shutterstock.

Uruguay-based payments provider dLocal has obtained an Authorised Payment Institution licence from the Financial Conduct Authority (FCA) in the UK.   

The licence allows dLocal to provide an array of regulated payment solutions to UK-based merchants. 

These services include pay-ins and payouts, cross-border transactions, and fraud controls.  

UK merchants can now leverage dLocal’s network of over 900 alternative payment methods, designed to meet consumer preferences in emerging markets. 

dLocal UK MD and chief revenue officer John O’Brien said: “With this licence, we are well-positioned to continue our strong relationships with existing customers and welcome new clients seeking pay-in and pay-out solutions in more than 40 markets that dLocal serves. Our innovative, secure, and efficient payment solutions are designed to help UK businesses scale globally and thrive in dynamic, emerging economies.” 

Besides, dLocal has been chosen by the International Chamber of Commerce UK as a partner for the Trade for Prosperity programme to assist British businesses in expanding into new international markets. 

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As a NASDAQ-listed entity, dLocal holds over 30 regulatory licences, permissions, and registrations across European Union, Africa, Asia, the Middle East, and Latin America. 

The company is set to enhance its presence in the UK by targeting global merchants, while looking to increase its workforce and business operations in the region, reported CNBC. 

Its expansion efforts in the UK are already underway, with key senior executives including chief operating officer Carlos Menendez and John O’Brien operating of London.  

In an interview to CNBC, dLocal CEO Pedro Arnt said: “The differentiating factor for us when we think of our U.K. base of merchants is that the geographies where we serve them, and those are the only geographies we work.”  

Amidst recent reports by Reuters on the potential sale of the company, Arnt, told CNBC that he didn’t want to comment on rumours adding: “While there would be a fiduciary duty to shareholders to entertain takeovers, the company is not for sale.”