Ishfaaq PeerallyPublished 2026-08-24
“Scale Economies Shared”
$DLOBullish
dLocal benefits from scale economies: more volume leads to lower prices, higher retention, and more volume; declining take rates are acceptable if volume grows.
Same for payment processing, that is dLocal. The more volume it can process for the big merchants, the lower prices are going to be for these merchants, and the more likely they're going to stay with dLocal, give more volume to dLocal.
So even if margins—in this case it is mostly take rate for Wise and dLocal—are going down, this is part of the story. It doesn't matter as long as volume is going up.