How Africa and LATAM Can Break Free from Import Dependency and Increase Local Production
Written by: Soumaya Hamzaoui, COO, RedCloud Countries across Africa and Latin America import billions of dollars worth of products annually, from essential food items to industrial goods, many of which could be produced locally. According to research by BBVA, Latin America’s trade deficit in 2015 with China alone was equivalent to US$8 billion, or 1% […]
Justin Floyd’s End of Year CEO Update
Justin Floyd’s End of Year CEO Update Building The World’s First Open Commerce Network Back in 2018, I outlined to our founding team our mission to build the first trading platform for the world’s small businesses. As a child I grew up around trading goods and services. At school I traded soccer cards, buying from […]
Red101® launches in the USA
LONDON, 10, October 2023 – UK-headquartered Global Technology firm RedCloud Technology has announced the launch of Red101®, in the United States. The platform is designed to revolutionize commerce for millions of distributors and other small businesses across the country. The launch of Red101® in the USA will help modernize and streamline the supply chain for FMCG […]
Revolutionising Payments with RedPay™ in Nigeria
In the Nigerian retail market, just like other emerging economies, cash remains king as a significant number of all retail transactions are paid for by cash. The World Bank estimates that over 50% of all retail payments globally are done in cash, and in emerging markets like Nigeria and Ghana, that number can rise to […]
Fixing the world’s supply chains with Open Commerce
Do you believe technology has the power to transform not only the economy, but also society as a whole? Soumaya Hamzaoui, the COO at RedCloud, certainly does. In this newsletter, we had a chat with Soumaya on the current state of the global supply chain and how it impacts emerging markets. She also shares her insights […]
Beyond SAITEX: How RedCloud is unlocking the future of commerce in South Africa
South Africa is a market that is bursting with life and brimming with potential, and that vibrant energy was palpable when our RedCloud South Africa team recently participated in the Southern African International Trade Exhibition (SAITEX). SAITEX Africa is Africa’s largest and most established trade exhibition, and the team was on the ground showcasing the power of […]
Why Cash is hurting businesses in emerging markets
For millions of businesses in emerging markets, cash remains the primary method of payment. It is used by consumers and businesses alike. The World Bank recently reported that over 50% of all retail payments are still made in cash. In today’s newsletter, we examine why cash payments remain so prevalent, despite the numerous efforts to replace them. […]
Combatting the Food Inflation Crisis
The UK is currently grappling with a food inflation crisis – an issue that’s been at the forefront of household concerns and economic discussions alike for a long time now. A simple grocery run has families paying 19% more for food items than they did a year ago. This striking increase is not just affecting […]
Beyond WebSummit Rio – How RedCloud is Unlocking Brazil’s consumer market potential with Open Commerce
The LATAM region holds limitless opportunities, and in this edition of RedCloud Insights, we spotlight Brazil – a dynamic market with immense potential for startups, consumer brands, and retailers alike. Brazil’s $1 trillion+ consumer market, the largest in Latin America, presents vast growth opportunities. With its e-commerce sector anticipating a 14.6% annual increase and projected revenue […]
From Corner Shops to Digital Commerce Giants: How Open Commerce is Changing the Game for Retailers in Nigeria
Picture this: A small corner shop in Lagos, Nigeria, struggling to meet customer demands and grappling with the challenges of an ever-evolving retail landscape. Now, imagine that same shop transformed into a thriving digital commerce giant, effortlessly navigating the complex world of payments, supply chains, and brand partnerships. Sounds incredible, right? That’s precisely what Open […]
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