Are you interested in this? Then, read below.
Everything started with the digitalization of the payments, which is a worry for the suppliers and creditors of the raw material that guarantees the production and economy of any company.
These solutions are all aimed at the same thing: digitizing payment in supply chains.
To achieve this more effectively, they are recruiting small and medium enterprises (SMEs) on the continent to carry out their initial program. They began with 500, and they estimate that there will be some five thousand in the world by the first quarter of 2021.
What they would achieve is that by digitizing payments and creating a single ecosystem, they would increase the options for these small businesses to have more participation in the market.
Will they succeed? We hope so because they start in Asia, but surely this technology would benefit all the logistics SMEs in the world, including those in our country.
SMEs account for 90% of all businesses worldwide, and the pandemic mainly affected the economy of these types of companies. Something had to be done.
These companies produce more than 50% of the Gross Domestic Product. It would be necessary to devise a way to support them and make them more participative and productive in the post-COVID world scenario.
1. The collaboration will increase the digital data available, so assessing creditworthiness and creating new models to evaluate it will be much easier.
2. Access to credit lines will allow wholesalers to react faster to promotions and thus increase their inventory easily.
3. The creation of new channels for loans and credits. To solve the difficulty of access to these resources that are significant in the economic development of companies.
Promising? Quite so. We look forward to the results of this new technology developed by one of the world's leading payment companies. The result would be the digitization of payments in the SME supply chain in Asia and worldwide. Would you join this project?