BPC enters Latin America, partners with Brazilian Desk

By Sunniva Kolostyak

Digital payments solutions provider BPC has partnered with specialised market consultancy Brazilian Desk in order to help Brazilian micro and small businesses get access to digital financial services.

BPC will provide SMEs in sectors including agriculture with its BPC Marketplace, a closed-loop trading environment supported by its payments platform.

This, it said, will forge critical market links and boost Brazilian SME communities’ financial inclusion and access to income.

The market entry follows BPC’s launch of Safal Fasal project in India, utilising the same marketplace to provide farmers and cooperatives with support as Covid-19 hit.

In the agriculture space, BPC’s 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.

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.”

The marketplace will provide Brazilian people 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 payments, all in a digital format.

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.