DLocal Reports 90% TPV Growth, Plans Product Scaling Through 2026

DLocal reported second-quarter total payment volume (TPV) growth exceeding 90% year-over-year, showing expansion despite industry pressure on take rates. Management stated that this growth reflects a strategy diversified across geographic markets and merchant verticals.

"The results reflect most of the multiple growth vectors this company has," said Pedro Arnt, Chief Executive of DLocal, at the Goldman Sachs Communacopia + Technology Conference.

Market Penetration and Growth Vectors

Management noted that significant room for expansion remains. DLocal currently captures approximately 3% of its total addressable market and holds about 10% of total merchant wallet share. This positioning provides a runway for the company as it attempts to increase its footprint within its existing client base and attract new enterprise merchants.

Scaling Emerging Product Lines

Beyond its core payment processing business, DLocal is integrating new services to diversify its revenue streams. These initiatives include:

• Buy Now, Pay Later (BNPL): Consumer financing options integrated into the checkout flow.
• dMoRe: The company’s proprietary platform for cross-border reconciliation and management.
• Enhanced FX: Specialized tools to manage foreign exchange volatility.
• Physical Point of Sale: Solutions extending the company's digital-first reach into brick-and-mortar environments.

Currently, these emerging services account for less than 1% to 2% of the company's total business. Leadership expects these segments to reach material scale within the next one to two years, serving as a driver for top-line growth.

Industry Context: Take-Rate Compression

Growth in TPV is occurring against a backdrop of industry-wide take-rate compression. This is a common challenge in the payments sector where competition and merchant-friendly pricing pressure margins. By expanding into higher-value services like FX management and physical POS, DLocal aims to offset these pressures by providing a suite of financial infrastructure tools instead of relying on standard payment processing fees.