dLocal Investor Day Presentation Deck

Case Example 2: Spotify The problem March 2022: Spotify sales in largest African market affected overnight - Nigerian banks imposed limits on US dollar access Spotify collected payments through international acquirers in USD ONLY - its conversion rate dropped below 20% dLocal's solution Our local Nigerian team established partnerships with local banks to enable local acquiring in Nigerian Naira for Spotify, in record time Outcome Spotify: 1. Improved conversion to 60%+ 2. Increased local sales by offering more payment methods and increasing conversion rates d. 92

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