BPC Marketplace is partnering with consultancy Brazilian Desk to provide financial access to micro and SME communities in Latin America.
Specifically, digital payment solution provider BPC and Brazilian Desk will connect Brazilian small businesses in one digital ecosystem, BPC Marketplace. The closed-loop trading environment is supported by BPC’s payment platform. And it will be used to forge critical market links and boost SME’s financial inclusion and instant access to income.
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“Brazil is one of the largest producers of sugar cane, coffee, soy and corn,” says Rafael Dávila, BPC business development manager.
“That means 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 incomes.”
Connecting farmers with buyers, credit providers and insurers
BPC Marketplace platform will connect farming producers in Brazil with the rest of the agriculture value chain. This includes 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. This attracts 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. Moreover, it will provide Brazilian and SMEs with formal access to financial services. This includes lines of credit at better rates, insurance, as well as the hiring of logistics partners, storage. Above all, payments, are in a digital format.
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By GlobalDataBPC Marketplace future roadmap
BPC will replicate the platform in other Latin American countries. And it is providing underprivileged communities with a connection to the real economy. The aim is to put sectors such as agriculture on a level-playing field with the rest of Latin America’s industrialised markets. For example, BPC
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. It was crucial during COVID-19 as farmers and their supply chain got hit during and after the lockdown phase.
Safal Fasal was recognised at the 35th annual Retail Banker International global awards on 24 June for best diversity and inclusion initiative.
