Koin: Best Payment Solutions Provider Brazil 2017

No card, no problem. Users of Koin can embark on an online shopping spree not having to worry about the charges and security risks usually associated with credit cards. Those without plastic are able to secure the best online deals – and are no longer ignored by merchants.

Koin is a post-pay app and internet service that assigns its users a credit rating and level that is based on prior transactions. Buyers are rated dynamically as they settle their bills on time via deposits at ATMs. Merchants are able to tap into a much expanded demographic, generating sales and moving away from the model thus far used of registering an online sale, issuing a bill, and waiting for it to be paid before shipping the goods.

The waiting is not always fruitful. In fact, four out of every five transactions eventually get cancelled. Still, sellers have to set aside merchandise, immobilising stock. When the process needs to be reversed, additional costs are generated.

This cumbersome process has now been short-circuited by Koin. Associated online retailers – over fifty as of last count – are able to ship their products immediately, and get paid promptly: Koin manages the entire money trail, up to and including collecting from buyers.

The CFI.co judging panel notes that the service has boosted online sales in Brazil. In barely two years, Koin quadrupled its user base to almost one million. The judges are always pleased to recognise innovation and offer Koin the 2017 Best Payment Solutions Provider Brazil Award.

marten

Recent Posts

SegurCaixa Adeslas: Best Insurer Spain 2024

SegurCaixa Adeslas, a pre-eminent Spanish health insurance company, has demonstrated a formidable and truly impressive…

4 weeks ago

Banco BPI: Excellence in Sustainable Banking Initiative Portugal 2024

Banco BPI's dedication to sustainability is a beacon of proactive environmental and social responsibility. Beyond…

1 month ago

BSE Ltd: Champions of Capital Market Innovation and Efficiency Asia 2024

BSE Ltd, formerly known as the Bombay Stock Exchange, is a crucial player in India’s…

1 month ago

TMT Investments Plc: Visionary Leaders in Global Tech Venture Capital Europe 2024

TMT Investments Plc, publicly quoted on the AIM market of the London Stock Exchange since…

1 month ago

BNP Paribas Fortis: Outstanding Contribution to SME Financing Benelux 2024

BNP Paribas Fortis is a key player in the Belgian banking sector with a rich…

1 month ago

BAWAG Group AG: Best Banking Group Governance DACH 2024

BAWAG Group has reported 2023 net profit of 683 million euros, a ROTCE of 25…

1 month ago