dLocal and Fourvenues partner to enable seamless payment experiences in entertainment
The partnership focuses on providing localized payment solutions, enhancing operational efficiency in high-growth regions.
Montevideo, Uruguay, October 24th, 2024 - dLocal, the leading cross-border payment platform specializing in high-growth markets, today announced its partnership with Fourvenues, an advanced management software designed for the entertainment industry. The partnership will help Fourvenues expand across Latin America (LATAM) and Southeast Asia (SEA), with further expansion planned for the Middle East.
Latin America and Southeast Asia have fast-growing event and entertainment industries. LATAM is expected to host FIFA World Cup matches in 2030 and has many major international events. The immersive entertainment market in the region is expected to grow by 26%, reaching $33 billion by 2029. Southeast Asia is also a key event hub, with its market projected to hit $1.6B by 2028 and a consumer base of 45M. The partnership aims to boost these markets with contactless payment methods, preferred by 59% of exhibitor professionals.
The collaboration with dLocal will support Fourvenues’ expansion by offering a variety of alternative payment methods—including credit cards, cash, bank transfers, eWallets, and mobile money—such as PSE and Nequi in Colombia; OVO, ShopeePay, and Dana in Indonesia; and FPX in Malaysia, along with other local options in Chile, Costa Rica, Uruguay, Ecuador, the Philippines, and Thailand. Further growth is also planned in Latin America and the Middle East. This partnership will simplify the management of local entities and payment methods, enabling seamless, locally processed transactions.
dLocal's expertise in emerging market payment ecosystems ensures compliance with local regulations while improving operational efficiency. The adoption of users through localization will further strengthen Fourvenues’ presence in these regions. With a focus on data security and fraud prevention, this partnership allows Fourvenues to deliver an exceptional customer experience, ensuring that payment processes operate smoothly in the background without the need for a local entity.
dLocal has done more than just simplify payments; they’ve made our growth possible by removing the challenges of scaling into new markets. Their single integration has streamlined managing payments across LATAM and SEA, without needing multiple contracts or entities, said Álvaro Alfonso, Head of Finance of Fourvenues. "Partnering with dLocal has let us seize a great opportunity without the usual risks. Their expertise in compliance and security ensures smooth, reliable transactions, allowing us to focus on creating the best experience for our fans and attendees."
“The digital services ecosystem is a significant and rapidly expanding market in several emerging economies. However, for this growth to be fully realized, online payment processes for providers and customers worldwide must be seamless,” said Joaquin Moreno, VP of Sales Americas of dLocal. “Our partnership with Fourvenues tackles these challenges in an industry that is still largely analog, offering a substantial competitive edge by enabling not only a seamless online payment experience but also the ability to scale effortlessly across all geographies.”
About dLocal
dLocal powers local payments in emerging markets, connecting global enterprise merchants with billions of emerging markets consumers across Africa, Asia, and Latin America. Through the"One dLocal" concept—one direct API, one platform, and one contract—international companies can accept payments, send payouts, and settle funds globally without the need to manage separate pay-in and pay-out processors, set up numerous local entities, integrate multiple acquirers and payment methods in each market. For more information, visit: https://dlocal.com/
About Fourvenues
Fourvenues, established in Valencia in 2018, is the all-in-one solution for event and venue management within the entertainment and leisure industry. The platform empowers businesses to efficiently manage all key aspects of their operations, from ticket sale to post-event reporting. Tailored for nightclubs, festivals, beach clubs, and event organizers, it offers features like guest list management, sales channel integration, interactive maps, CRM tools, and microsite creation. By streamlining operations, Fourvenues enhances efficiency, maximizes revenue potential, and enables organizers to focus on delivering exceptional guest experiences from the moment of purchase.