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 […]
Why AI is nothing to fear
Written by Juandre De Jong, SVP Product, RedCloud Artificial Intelligence (AI), especially generative AI tools, have generated a lot of controversy in recent times. With applications that can seemingly do everything, from writing code to making art and more, there are many who believe that AI will become sentient and take over the world like […]
Open Commerce can unlock opportunities for American FMCG brands in Africa/LATAM
Emerging markets represent the largest growth opportunity for the FMCG industry, as they currently represent over half of global FMCG spend and have been primarily responsible for all the value growth in the industry over the last five years. The appeal of American FMCG brands in these markets is undeniable, as some of the most […]
The American FMCG sector needs AI-powered Open Commerce
Small retailers in the FMCG sector have long had a place in the heart of the American FMCG industry. With about 7.9 million mom-and-pop retail stores open all over the US, we’re all familiar with the image of the local ‘General Store’ in downtown Chicago or the bodega in Queens, New York. However, while retail […]
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 […]