FinMont and dLocal partnership set to boost African payments

The partnership between global payment orchestration platform FinMont and emerging markets payment provider dLocal is set to bring significant benefits to Africa and other emerging economies. FinMont, launched by the founders of German airline Hahn Air, aims to streamline both B2C and B2B payments, offering a comprehensive solution for the travel industry.

By partnering with dLocal, a leading cross-border payments facilitator and technology company, FinMont will gain access to a wide network of high-growth, emerging economies in Africa, Asia, and Latin America. This partnership will enable FinMont’s platform to connect seamlessly with multiple banks and providers through a single gateway, revolutionising payment processes.

The FinMont platform’s ecosystem will integrate acquiring banks, payment, fraud, forex, and chargeback providers, as well as ERP/CRM systems and travel-specific distribution channels. This comprehensive approach will enhance payment authorisation, improve conversion rates, reduce costs, and eliminate previous issues such as downtime or dependence on a single payment provider.

Suby Valluri, CEO of FinMont, expressed his delight at the partnership, highlighting dLocal’s expertise in emerging countries and developing economies. The incorporation its services into FinMont’s global ecosystem will further support their orchestration platform and its mission to provide a unique payment solution to the travel industry.

Andres Bertolotti, senior business development manager of dLocal, echoed Valluri’s enthusiasm, emphasising the collaboration’s potential to offer a new solution for the travel sector. As FinMont continues to grow throughout 2023, dLocal is committed to working closely with the platform’s team and integrating its market-leading offering into the global system.

The partnership between FinMont and dLocal holds promise for Africa and other emerging markets, where efficient and secure payment solutions are crucial for businesses. By leveraging FinMont’s platform and dLocal’s payment expertise, travel merchants in Africa can enhance their payment processes, gain a competitive edge, and expand their reach in the global market.

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