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IT Services DLocal Ltd is focused on making the complex simple, redefining the online payments experience in emerging markets. Through its technology platform One dLocal, the company enables global enterprise merchants to get paid (pay-in) and to make payments (pay-out) online in a safe and efficient manner. The company earns revenue from fees charged to merchants in connection with payment processing services for cross-border and local payment transactions. Read More

(Corrects headline and paragraph 1 to say market capitalization of US$9 billion, not US$4.5 billion) : Shares of DLocal Ltd leapt nearly ...

Shares of DLocal Ltd jumped nearly 48% in their Nasdaq debut on Thursday, giving the Uruguayan cross-border payments firm a market capitalization of about $9 billion.

Shares of DLocal Ltd jumped nearly 48% in their Nasdaq debut on Thursday, giving the Uruguayan cross-border payments firm a market capitalization of about $9 billion.

By Reuters Staff (Corrects headline and paragraph 1 to say market capitalization of $9 billion, not $4.5 billion) June 3 (Reuters) - Shares of DLocal Ltd leapt nearly 48% in their U.S. stock market debut on Thursday, giving the Uruguayan cross-border payments company a market capitalization of nearly $9 billion. Reporting by Sohini Podder in Bengaluru; Editing by Shinjini Ganguli