dLocal, a cross-border payment platform for high-growth markets, has partnered with Fourvenues, a management software for the entertainment industry, to help Fourvenues expand into Latin America (LATAM) and Southeast Asia (SEA), with future plans for the Middle East. This partnership addresses the growing event industries in both LATAM and SEA, with LATAM's immersive entertainment market projected to reach $33 billion by 2029 and Southeast Asia’s market expected to hit $1.6 billion by 2028.
Through dLocal's technology, Fourvenues can offer a variety of local payment methods, such as eWallets and mobile money services, ensuring smooth transactions in regions like Colombia, Indonesia, Malaysia, and beyond. dLocal also simplifies compliance with local regulations, enhancing operational efficiency for Fourvenues as they scale globally.
Álvaro Alfonso, Head of Finance at Fourvenues, emphasized how dLocal's streamlined payment processes have been pivotal for their expansion without requiring local entities, while dLocal's VP of Sales, Joaquin Moreno, highlighted the importance of seamless online payments in fully realizing the potential of emerging markets.
- dLocal's ability to integrate alternative local payment methods removes the need for multiple contracts, simplifying cross-border operations for businesses like Fourvenues.
- LATAM’s entertainment industry is set to boom, driven by major international events, and SEA’s growing market is also a prime target for digital services expansion.
- The partnership ensures that Fourvenues can expand while maintaining high standards for data security, fraud prevention, and regulatory compliance, ensuring a trustworthy customer experience.
