dLocal achieved a regulatory milestone and became a certified Payment Initiation Service Provider (PISP) in Brazil, able to process Pix payments directly within the Open Finance framework.
The cross-border payment platform dLocal, headquartered in Uruguay, obtained proper authorisation from the Central Bank of Brazil to become a certified Payment Initiation Service Provider (PISP) in the country.
This accreditation allows the fintech to process Pix instant payment system transactions directly within the Open Finance framework supported by the country’s top five banks, which together account for 92% of the country’s banking services. Direct payments simplify the checkout experience for consumers by enabling direct payments without switching to separate banking apps.
Pix offers a fast, secure, and low-cost alternative to traditional P2P, e-commerce or business payment methods like bank transfers, credit cards, and cash. Pix payments are instant, being processed in real-time, 24/7. They are integrated into the online banking apps of most Brazilian banks and financial institutions.
Pix has rapidly become popular in the domestic financial services market, being used by more than 160 million people, and may start operating globally in the foreseeable future.
dLocal is one of the most prominent fintech enterprises in Latin America. It enables global businesses operating in the U.S., Europe, and other regions to process local payments in high-growth markets across Africa, Asia, and Latin America. This cross-border payment platform supports both traditional and innovative payment methods, including credit cards, debit cards, cash, digital wallets, and even flexible instalment financing means within a single API. It eliminates the need for complex integrations with different payment providers in each region.
The platform is trusted by global companies like Amazon, Spotify, Uber, Booking.com, and Microsoft to accept payments from the supported high-growth markets and remit payouts to sellers, freelancers, and partners globally. By handling local banking relationships and regulatory complexities, dLocal also allows international businesses to quickly enter and scale in new markets.
