RedCloud Launches B2B Open Commerce Platform in Mexico


LONDON, June 16, 2021 / PRNewswire / – RedCloud Technologies, the UK-based global technology company, announced the expansion of its local open commerce platform to Mexico to empower merchants of all sizes economically by enabling them to offer digital commerce to their customers through a single connected application.

RedCloud’s platform has already helped over 40,000 registered merchants digitally serve over 1.2 million customers. The company has one of the largest payment networks in the world, enabling global brands to deliver a localized experience to the most vital parts of their retail chain. Stores and sellers can instantly trade with recognized brands, guiding them quickly to the digital economy.

With the connected app Red101, merchants offer instant commerce through any connected device, selling electronic top-ups from major brands like AT&T, Unefon, Virgin, Maz Tiempo, and Movistar to their customers.

RedCloud’s open commerce platform businesses can now meet the growing demand from consumers who want a faster, more personalized way to shop at their favorite stores, while allowing sellers to trade and pay in. the new digital economy.

This initiative is certainly welcome, coming at a time when Central bank of Mexico (Banxico) * invests and builds infrastructure so that “every Mexican can send and receive electronic payments, regardless of their economic situation or any other condition”.

CEO of RedCloud, Justin floyd said, “RedCloud’s mission is to economically empower the world’s small businesses by seamlessly connecting them to global and local consumer brands and to be part of the open commerce revolution. Mexico is a market full of entrepreneurs who need a better way to trade, pay and finance their businesses to meet growing consumer demand. We are delighted to partner with Banorte Bank and Monterrey Digital Center make commerce accessible to all. “

Recently, RedCloud was selected by the UK Department for International Trade (UK DIT) as one of the top five British FinTechs in the ScaleUp Bridge program, a joint program between UK DIT, Grupo Financiero Banorte and Monterrey Digital Hub. The ScaleUp Bridge program aims to support five UK FinTechs and connect them to from Mexico digital entrepreneurship ecosystem. Banorte, one of from Mexico The biggest banks are promoting the program by providing expert advice and mentoring to FinTechs to revive the economy through innovation and talent attraction.

Eduardo Silva, RedCloud’s Sales Director, also said that “the Mexican market offers unique opportunities to partner with Mexican manufacturers, distributors and traders to increase their income by helping them sell smarter, buy better and pay. more simply. We want to be their partner of choice to make their sales channels run more efficiently, make better decisions with consumer data, and take marketing actions that increase the speed of sales. “

The five FinTechs selected to join the program were the ones with the highest growth projection in critical areas such as payments and remittances, rating, fraud and identity management, financial management of business and crowdfunding.

RedCloud is committed to bringing global commerce to local markets, enabling local merchants to provide more value and better services to their customers. This expansion in Mexico is in line with RedCloud’s aggressive growth plans.

About RedCloud

RedCloud is a UK-headquartered global technology company committed to developing solutions for FMCG brands, distributors and merchants that enable them to buy better, sell smarter, and pay easier. With its proprietary solution, RedCloud is poised to enable global commerce locally, connecting local merchants to more customers and distributors, and retailers to manufacturers.

* https: //www.pymnts.com/news/banking/2021/how-mexicos-central-bank-plans-to-move-payments-to-digital/

Media contact:
Sharon shahzad
Vice President of Global Marketing
[email protected]
+44 (0) 7843 470307

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