• ACI Worldwide recently announced a partnership with dLocal that plugs dLocal’s local payment network into ACI’s Payments Orchestration Platform, initially enabling global merchants to access Pix, PicPay, Mercado Pago and NuPay in Brazil, plus Mercado Pago, OXXO and SPEI in Mexico, with further rollout planned across Argentina, Chile, Colombia and Peru.
• By embedding dLocal’s regional payment rails into ACI’s orchestration, global merchants can use a single integration to offer preferred local methods, potentially easing expansion across fragmented Latin American payments markets and reducing operational complexity.
• Next, we’ll examine how this integration of dLocal’s Latin American payment methods into ACI’s orchestration platform could refine the existing investment narrative.

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DLocal Investment Narrative Recap

To own dLocal, you generally need to believe it can keep deepening ties with large global merchants while broadening beyond a handful of key customers and markets. The new ACI Worldwide partnership could act as a short term catalyst by routing more enterprise volume through dLocal’s rails, but it does little to change the biggest near term risk, which remains revenue concentration among top merchants and the pricing pressure that comes with serving them.

Among recent developments, dLocal’s addition to multiple Russell indexes in June 2026 is particularly relevant here, because it can broaden the shareholder base just as the ACI partnership potentially increases transaction visibility with large global merchants. Together, wider index ownership and deeper payment integration may reinforce the existing catalyst of growing with multinational clients, without removing the ongoing risks around regulation, competition and take rate compression.

Yet alongside this upside, investors should also be aware that revenue still leans heavily on a small group of merchants and that...

DLocal's narrative projects $2.5 billion revenue and $422.6 million earnings by 2029.

Uncover how DLocal's forecasts yield a $18.05 fair value, a 21% upside to its current price.

Exploring Other Perspectives

Compared with consensus, the most pessimistic analysts assume dLocal’s revenue only reaches about US$2.1 billion and earnings about US$372 million by 2029, highlighting how views can differ sharply on whether partnerships like ACI truly offset concerns about client concentration and rising regulatory costs.

Explore 11 other fair value estimates on DLocal - why the stock might be worth as much as 58% more than the current price!

Form Your Own Verdict

Disagree with existing narratives? Extraordinary investment returns rarely come from following the herd, so go with your instincts.

• A great starting point for your DLocal research is our analysis highlighting 4 key rewards that could impact your investment decision.
• Our free DLocal research report provides a comprehensive fundamental analysis summarized in a single visual - the Snowflake - making it easy to evaluate DLocal's overall financial health at a glance.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.