Align Commerce, a US-based global payments provider, has announced the opening of its Brazil corridor in order to allow small businesses to easily send payments to Latin America’s largest country.
“With Align, SMBs doing business with Brazilian companies now have access to next-day payments, and can inexpensively send and receive funds in a transaction that can be tracked through every step of the process”, Align Commerce said.
The announcement comes at an opportune moment with the 2016 Summer Olympics just months away and expected to draw nearly 400,000 visitors from all over the world.
Both Brazil and the United States will now benefit from Align’s revolutionary multi-rail technology that combines the blockchain with traditional payments, simple invoicing and real-time payments tracking. Moreover, Align Commerce’s simple and transparent fee structure enables users know in advance how much each transaction will cost, allowing them to accurately plan their budget.
“With the increase in bilateral trade and economic relations between the United States, Europe and Brazil, it is vital that Align Commerce helps our companies who pay their suppliers in Brazil by giving them access to Brazilian goods, services and talent,” said Marwan Forzley, CEO and Founder of Align Commerce. “Our Brazil corridor eliminates the decades-old obstacles of sending and receiving money internationally, opening up endless possibilities for increased productivity and trade with the country’s $3.3 trillion economy.”
The announcement follows the establishment of its China corridor by Align Commerce last month. Align’s rapid global growth highlights the growing demand for an innovative alternative to the outdated wire transfer system.
