NEWS
RedCloud expands of its open commerce marketplace
platform , accessed via the Red101 app , now has a pipeline of one million merchants , with over 270,000 merchant downloads to date .
Designed to ensure frictionless trade , RedCloud ’ s open commerce platform was developed after years of research into digital solutions to address financial , operational and logistical pain points experienced by FMCGs , distributors and local merchants worldwide .
RedCloud found that for brands , local supply chain infrastructures are inadequate or too hard to access , meaning that a typical FMCG company will only ever reach a tiny fraction of prospective merchants .
RedCloud ’ s technology enables any brand to connect its distributors and local sellers through a single API . Using the Red101 app , brands and distributors can see where their products are going and how they are performing .
RedCloud has announced the availability of its open commerce platform , a decentralised market for B2B buyers and sellers , in Argentina , Brazil , Peru , Nigeria , South Africa and Mexico . The
Justin Floyd , Co-Founder and CEO , RedCloud , said : “ We are providing a frictionless platform where any brand in the world can connect to any seller . That is what open commerce means . Every supply chain is broken . Trade is dysfunctional and chaotic and marketplaces like Amazon are not trusted by brands or sellers .”
Cassava Smartech and Comviva win Silver in two categories at Emerging Payments Awards
Cassava Smartech Zimbabwe , trading as
EcoCash Holdings Zimbabwe Limited , together with its long-term technology partner Comviva has won two silver awards at this year ’ s Emerging Payments Awards .
Cassava Smartech and Comviva won the silver for the Green financial inclusion initiative by mobile money platform EcoCash in the “ Best Direct Account to Account Solution ” and “ Most Innovative Mobile or Financial Service Payments Solution ” category . The winners were announced at the Emerging Payments Awards Ceremony held recently in London .
The innovative mobile platform helped collect donations digitally for relief-efforts during climate change-induced disasters , such as cyclone Idai , to help with rescue , relief and rehabilitation for victims .
Cassava Smartech is also providing weatherindex crop-insurance to farmers to build resilience in the wake of climate changeinduced droughts , helping them sustain themselves despite crop failure emanating from excessive or scarce rains .
Eddie Chibi , Chief Executive Officer , Cassava Smartech Zimbabwe , said : “ At Cassava Smartech we are focused on serving where the need is greatest and we are happy that our efforts and initiatives are being appreciated at global industry awards like Emerging Payments awards . Through EcoCash we are leveraging mobile technology to extend financial inclusion to all Zimbabweans and creating a cash-lite economy .”
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