Community-based merchant shops are the heartbeat of rural economies in countries like Thailand, Cambodia, South Africa, Indonesia, UAE, Saudi Arabia, Brazil, and across Latin America (LATAM), but have relied too heavily on cash, making them overly dependent on customer liquidity. Merchants are forced into a position where they must look to informal moneylenders that charge exorbitant interest rates as there is no formal lending framework. This stifles growth opportunities as scaling becomes harder and creates constant cash flow issues. 

These are the common pain points faced by local businesses in emerging markets that Xprizo is looking to solve. Securing better access to fintech solutions for those living in rural areas will support millions of people by welcoming them into the financial system.  

Empowering Rural Merchants 

Xprizo is succeeding by integrating rural merchants to allow them to thrive as local financial hubs, providing banking operations like account openings, deposits, withdrawals, remittances, and digital payment solutions. Merchants are able to secure additional income streams while simultaneously fixing credit issues and expanding their business.  

Working with progressive projects like Open Network for Digital Commerce (ONDC) enables merchants to access wider markets, boosting sales and increasing their addressable market beyond the local environment This approach is particularly beneficial in countries like Thailand, Cambodia, and Indonesia, where rural communities often face limited market access.  

Streamlining Digital Transformation 

Another issue that Xprizo is supporting is streamlining digital transactions needed in everyday life. Before the rise of fintech, rural communities would likely have to travel to multiple locations to pay for an array of utility bills and then yet more stops to collect cash from banks. Providing a simple-to-use digital ecosystem that houses all these functions reduces costs and time. Xprizo’s platform has the power to integrate rural individuals and merchants into the digital economy. Here communities and users can utilise local digital payment tools to make transactions in a secure and user-friendly space. This democratisation promotes financial inclusion by providing a convenient and secure alternative to cash transactions.  

Harnessing fintech means that Xprizo is in a position to empower rural merchants by fixing supply chain issues and helping find new routes to grow businesses. Transforming brick-and-mortar stores into financial service hubs accelerates the economic growth of rural areas in countries like South Africa, UAE, Saudi Arabia, and Brasil. By adapting its solutions to the specific needs of each market, Xprizo’s commitment to the communities is helping to bridge the financial inclusion gap across diverse regions. From Southeast Asia to the Middle East and Latin America, the company’s innovative approach is revolutionizing how rural communities access and utilize financial services, paving the way for sustainable economic growth and development.

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Excited about Xprizo’s potential to revolutionise access to financial services in underserved communities? Contact us to learn more about our innovative fintech platform. Click here to contact Business Development. & click here to contact strategic alliances.