SafetyPay operates the largest network of banks and cash collection points in Latin America, the result of 10+ years effort, with presence in 16 countries consolidated with 380 bank partners and 180,000 collection points. It has a robust technology with an infrastructure that can support growth without significant incremental investments in it.
As a multinational financial institution, SafetyPay has the mission to encourage payment inclusion to all Latam population by giving access to pay in e-commerce merchants, and enable abroad merchants the opportunity to make cross border sales.
For shoppers:
1.Democratize e-commerce and make it a feasible reality for unbanked consumers, allowing them to place orders and pay for them with cash or bank transfer.
2.Reduce the online fraud risk, protecting consumer bank information.
3.Enable consumers to shop from merchants worldwide and pay directly from their bank accounts and in local currency.
For merchants:
1.Enable incremental sales by processing payments of unbanked and international consumers.
2.Reduce the number of chargebacks.
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Vipshop
Vipshop, denoted as (VIP.com), is one of the leading Chinese online discount retailers. The company is considered to be the largest flash sale website. VIP.com was founded in August 2008 by Ya Shen and Xiao Bo Hong to provide consumers throughout China with popular branded products, incliuding men’s and women’s apparel, through flash sales at a relative discount. The company has its headquarters in Guangzhou city.
Shipforme Process
The following major e-commerce platforms are leading the way in number of clients and transaction amount: