Belvo and dLocal have formed a partnership to expand the use of bank direct debit within the payment infrastructure available to companies that manage recurring collections in Mexico. The integration combines Belvo's direct debit capabilities with dLocal's emerging market payment network, allowing businesses to automate charges from previously authorized bank accounts. The companies aim to improve collection continuity, reduce operational costs, and diversify payment methods beyond card-based recurring transactions.
From Payment Acceptance to Sustained Collections
Mexico's digital ecosystem has gained scale, but it has also become more complex for businesses that depend on renewals, memberships, and automated billing. According to Banco de México, debit and credit card payments reached 12.1 billion transactions in 2025, totaling 6.9 trillion Mexican pesos. That growth does not solve failures when a renewal declines or when a company needs to diversify its collection strategy beyond a single transactional route.
Complementary Payment Infrastructure
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. Belvo has built direct debit infrastructure in Mexico for recurring billing, automated collections, and lower costs compared with other payment methods.
The Weight of E-Commerce Services
Data from Mexico's national statistics agency, INEGI, shows that the gross value added of e-commerce surpassed 2 trillion Mexican pesos in 2023. Services accounted for 51.1% of the total, placing recurring payment models at the center of the digital economy's next phase. Subscriptions, memberships, platforms, financial services, and insurance all share the challenge of monetizing consistently over time.
Direct Debit as a Strategic Collection Tool
Belvo's direct debit solution allows companies to receive recurring payments from any bank account in Mexico, with collection automatically initiated after user authorization. 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. This alliance positions direct debit as a strategic mechanism to reduce friction and support recurring income.
Localized Payment Trends in Latin America
The partnership also reflects a broader regional emphasis on localizing payment methods to improve conversion and user experience. 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. The integration between Belvo and dLocal aims to address this preference by making bank direct debit more available to companies using dLocal's platform.
Availability and Next Steps
The companies did not announce a specific date for the commercial availability of the integration. The agreement will allow businesses that use dLocal's platform to access Belvo's direct debit functionality for recurring collections in Mexico. This expansion responds to a growing industry priority around optimizing the efficiency of later payments, not just the initial acceptance.
The Belvo and dLocal partnership illustrates a shift in Latin American payments from digitizing acceptance to building long-term collection resilience. By combining direct debit infrastructure with a broad emerging market network, the alliance gives companies a practical tool to reduce card dependence, automate account-based payments, and sustain recurring revenue. As digital services continue to grow in Mexico, bank direct debit is likely to become a more central part of the region's payment infrastructure.