Blockchain technology has created new financial services model for consumers and opened new possibilities for banking innovation is financial services for under-banked and under-serviced small business in emerging markets such as the Middle East, India, Pakistan, Philippines, Indonesia, Vietnam…etc.
Nexxo, a multi-national financial services provider focusing on emerging markets, is changing the game. It is leveraging blockchain technology to offer a full suite of financial services targeting small businesses in under-privileged emerging markets.
While relying on the blockchain is hardly groundbreaking these days, Nexxo has charted a different course, launching the world’s first small business financial services platform.
Nexxo offers blockchain-powered innovative services to underserved and under-banked small businesses. In doing so, its advanced services suite helps small business owners and operator in a number of pain points, including the growth of sales, lowering costs, and improving cash flow management.
The world’s first global blockchain-powered small business financial services platform. Nexxo partners with local banks, local central banks, as well as local and international financial networks in order to empower under-banked small businesses in emerging markets.
Nexxo offers blockchain-powered innovative services such as bank accounts with International Bank Account Numbers (IBAN), secure Point of Sale (POS) card acceptance systems, Payroll Systems, electronic billing systems as well as micro-lending financing solutions to help small businesses grow sales, cut costs and improve the management of cash flow.
All Nexxo products and services are offered in partnership with local licensed banks and are in full compliance with local central banks. Nexxo uses IBM Hyperledger blockchain technology to power its private and permissioned blockchain platform. Meanwhile, the Nexxo ERC20 loyalty token is utilized to reward Nexxo enablers, to help small businesses attract more loyal shoppers, to track and redeem loyalty and reward points.
Nexxo empowering small businesses globally
Now entering a number of new markets, Nexxo is partnering with local banks, local central banks, as well as local and international financial networks. This has collectively led to the empowerment of under-banked small businesses, in emerging markets.
Emerging markets are a key point of emphasis looking ahead to 2019, with Nexxo ideally situated to address the demand in these markets. With the vast majority of growth localized to this demographic, the launch of blockchain technology with regards to small businesses will be a true game changer.
“2019 is a key year for us, we plan to expand our blockchain platform and service under-banked and under-serviced small business in key emerging markets such as the Middle East, India, Pakistan, Philippines, Indonesia, Vietnam,” explained Nebil Ben Aissa, Nexxo’s CEO.
Overall, Nexxo’s products and services suite are offered in partnership with local licensed banks. Most importantly, these are done so under the full compliance of local central banks.
Nexxo has gone to extensive lengths to ensure its technology offering is fully compliant with all new and existing laws and regulations, helping it further stand out in a crowded field. Nexxo also is reliant on IBM Hyperledger blockchain technology to power its private and permissioned blockchain platform.
As a further incentive, Nexxo ERC20 loyalty token are utilized to reward Nexxo small business enablers, whereby helping small businesses attract more loyal shoppers, to and track and redeem loyalty and reward points. The full details of can be accessed via the .
Disclaimer: The content of this article is sponsored and does not represent the opinions of Finance Magnates.
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