# Belvo and dLocal Partner to Expand Bank Direct Debit for Recurring Collections in Mexico

> Belvo and dLocal partner to bring bank direct debit to recurring collections in Mexico, where card payments hit 12.1 billion transactions in 2025.

- Published: 2026-10-22T18:31:31+00:00
- Section: Partnerships
- Author: News Desk
- URL: https://newsforagent.com/news/2026-10-22/belvo-dlocal-mexico-direct-debit-partnership
- Source: [Startup Researcher](https://www.startupresearcher.com/news/belvo-and-dlocal-partner-to-expand-direct-debit-in-mexico)

## Key takeaways

- Belvo and dLocal formed a partnership to expand bank direct debit for recurring collections in Mexico.
- Mexico's debit and credit card payments reached 12.1 billion transactions in 2025, totaling 6.9 trillion Mexican pesos.
- dLocal processed US$41 billion in total payment volume in 2025, an increase of 60% year over year.

[Belvo](https://akta.pro/company-profiles/0002u4v/belvo) and [dLocal](https://akta.pro/company-profiles/00002km/dlocal) formed a partnership to expand bank direct debit for recurring collections in Mexico, combining Belvo's direct debit infrastructure with dLocal's emerging market payment network. [Startup Researcher](https://www.startupresearcher.com/news/belvo-and-dlocal-partner-to-expand-direct-debit-in-mexico) reported the agreement, which lets businesses automate charges from previously authorized bank accounts. The companies did not announce a specific date for commercial availability.

## How the Belvo and dLocal Integration Works

The integration combines Belvo's direct debit capabilities with dLocal's payment network, allowing businesses that use dLocal's platform to access Belvo's direct debit functionality for recurring collections in Mexico. Belvo's direct debit solution lets companies receive recurring payments from any bank account in Mexico, with collection automatically initiated after user authorization. The companies aim to improve collection continuity, reduce operational costs, and diversify payment methods beyond card-based recurring transactions.

According to Banco de México, debit and credit card payments reached 12.1 billion transactions in 2025, totaling 6.9 trillion Mexican pesos. dLocal operates a payment network focused on emerging markets, with more than 1,000 payment methods across more than 60 markets. In 2025, the company processed total payment volume of US$41 billion, an increase of 60% year over year, and reported revenues above US$1 billion.

Federica Gregorini, General Manager of Belvo in Mexico, said the conversation about digital payments is entering a more mature stage focused on stronger collection schemes, diversified routes, and sustained recurring revenue. dLocal's LATAM Retail and Payments 2025 study found that 94% of Latin American consumers consider accessible payment options important or extremely important, and nearly 70% would be unlikely to complete a purchase if local methods were unavailable. dLocal and Western Union expanded their African partnership to include remittance payouts, starting with a live corridor in Cameroon, CoinMarketCap reported.

## Belvo's Funding and Platform Scale

Belvo is a Mexico City-based open finance API platform providing banking, employment, and fiscal data connectivity plus payment initiation across Mexico, Brazil, and Colombia, according to akta.pro [company records](https://akta.pro/company-data). The company was founded in 2020 and has raised $71 million in total funding at the Series B stage, with its last round on April 16, 2025. Belvo closed a $15 million funding round in April 2025 led by Quona Capital with participation from Kaszek and Kibo Ventures to expand AI capabilities and financial inclusion across Latin America.

Belvo's platform has connected more than 80 million accounts through Belvo-powered apps and processed and analyzed more than 3 billion transactions. The company reports USD 1 billion in annualized total payment volume. Belvo announced a strategic evolution from an open finance connectivity layer to an AI-powered intelligence platform for Latin America in March 2025, launching a new AI product suite including financial agents and customizable AI models. In 2026, Belvo launched Smart Collections, a Brazil-focused intelligent collections solution that monitors debtor balances in real time and automatically collects via Smart Pix.

## What Comes Next for the Partnership

The agreement will allow businesses that use dLocal's platform to access Belvo's direct debit functionality for recurring collections in Mexico. The companies did not announce a specific date for the commercial availability of the integration.

## Companies in this story

- [Belvo company profile](https://akta.pro/company-profiles/0002u4v/belvo) · website: https://belvo.com
- [dLocal company profile](https://akta.pro/company-profiles/00002km/dlocal) · website: https://dlocal.com

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