BPC Marketplace partners with Brazilian Desk to provide financial access to Micro and SME communities in Latin America

BPC Marketplace partners with Brazilian Desk to provide financial access to Micro and SME communities in Latin America
24.07.2020 10:42 am

BPC Marketplace partners with Brazilian Desk to provide financial access to Micro and SME communities in Latin America

Payments

BPC, the leading provider of digital payment solutions, partners with specialised market consultancy Brazilian Desk, to connect Brazilian micro and small businesses in key sectors such as agriculture in one digital ecosystem – BPC Marketplace. The closed-loop trading environment, supported by BPC’s payment platform, will be used to forge critical market links and boost Brazilian SME communities’ financial inclusion and instant access to income.

Rafael Dávila, BPC business development manager for North and Latin America, says: “Brazil is one of the largest producers of sugar cane, coffee, soy and corn, meaning the economy and workforce in the country are highly dependent on its farming land. It is critical to connect underprivileged farming producers and communities to the rest of the economy to improve their income and living standard.”

In the agriculture space, the BPC Marketplace platform will connect farming producers in Brazil with the rest of the agriculture value chain, including buyers, credit providers and insurers. The transparency and security of the platform also make it a great opportunity for local and regional governments to join and operate this ecosystem, attracting NGOs and foundations to provide further support to the farming community.

The Marketplace can be applied to many other verticals such as FMCG, Health and Education. It will provide Brazilian and SMEs with formal access to financial services such as lines of credit at better rates, insurance, as well as the hiring of logistics partners, storage and, above all, payments, are in a digital format.

The future roadmap

Once the Marketplace model is consolidated, BPC will aim to replicate the platform in other Latin American countries to provide SMEs across a variety of sectors, supply chains and commerce with an agile and transparent ecosystem tailored to the needs of the participants. BPC is providing underprivileged communities with a connection to the real economy and aims to put sectors such as agriculture on a level-playing field with the rest of Latin America’s industrialised markets.

Marketplace in action

BPC’s Marketplace is being successfully used in the award-winning Safal Fasal project for farmers and cooperatives in India. Launched on January 1 2020, Safal Fasal has onboarded over 100,000 farmers to date and was crucial during COVID-19 as farmers and their supply chain got hit during and after the lockdown phase.

Related News

MYPINPAD Partners with EVO Payments for VISA Tap to Phone Technology

MYPINPADthe global leader in secure personal authentication... Read more »

Flywire and Mastercard Team Up to Simplify Cross-Border Tuition Payments

Flywire, a vertical payments company, is partnering with Mastercard to provide students with... Read more »

OBE, Moneyhub and Streeva Launch World's First QR Code-Based Open Banking Payments with Automated Gift Aid for Charities

Open Banking Excellence (OBE), the world’s leading community of Open Banking and Open Finance pioneers, has joined forces with Moneyhub Enterprise... Read more »

Increased Contactless Spending Could Be Linked to Higher Fraud and Payment Disputes, Warns Global Risk Expert

Monica Eaton-Cardone, COO and Co-Founder of merchant dispute specialist, Chargebacks911, and its revolutionary new financial institution brand, Fi911, warns of... Read more »

Latin America's Newest Unicorn dLocal Achieves $1.2B Valuation After Securing New $200M Investment

dLocal, a leading cross-border payment platform connecting global merchants to emerging markets, today announced up to $200 million in new investment, led by... Read more »

Mastercard and Handpoint Partner to Promote Card Payment Solutions Amongst European SMEs

Mastercard and Handpoint, an in-person payments platform provider, have... Read more »

Magazine
ALL
Free Newsletter Sign-up
+44 (0) 208 819 32 53 +44 (0) 173 261 71 47
Download Our Mobile App
Financial It Youtube channel