Belo Launches New Web Platform, Simplifying B2B Cross-Border Payments
Imagine a world where international business transactions are as straightforward as emailing. Digital wallet provider Belo is making this vision a reality with the launch of its innovative web platform. This platform is not just about convenience; it’s a game-changer for businesses in 108 countries.
Creating a free Belo account on this platform opens doors to many possibilities. It’s a space where businesses can effortlessly conduct transactions in pesos and cryptocurrencies. This announcement, as reported by Contxto on August 24th, marks a significant milestone in cross-border business dealings.
So, what prompted this move? Belo recognises the challenges faced by micro, small, and medium enterprises (MSMEs), especially in Latin America, when dealing with international transactions. In a region where nearly 70% of businesses lack access to digital payment solutions, Belo’s CEO and Co-founder, Manuel Beaudroit, saw an opportunity to make a difference.
Belo isn’t just simplifying transactions; it’s revolutionising the entire process. They’ve introduced ACH transfer functionality, complementing their existing suite of services. This allows businesses to conduct transactions, manage funds and easily facilitate payments for goods and services.
Recent enhancements to Belo’s offerings include integrations with popular payment options like Pix in Brazil. Additionally, the platform now supports the conversion of corporate funds into stablecoins such as USDC, USDT, or DAI, providing even more flexibility.
The operations available on Belo’s new web platform are mirror images of what you’d find on their mobile application. It’s all about consistency and making life easier for businesses.
Belo is gearing up to introduce a bill payment service soon. Even more exciting is their plan to allow users to allocate up to 20% of their salaries in cryptocurrencies. According to Beaudroit, this forward-thinking move caters to the growing preference among employees for the convenience and potential inflation protection offered by cryptocurrency-based compensation.
In a world where borders are fading in the business landscape, Belo is on a mission to streamline and expedite international transactions for MSMEs across the region.
In parallel, Citigroup (Citi) has made a noteworthy announcement. They’re investing in Peruvian foreign exchange (FX) FinTech firm Rextie and plan to integrate their FX technology into Rextie’s currency exchange services. This move underscores the financial industry’s commitment to driving technological advancements in Latin America, making it an exciting time for innovation in the region.
