Align Commerce Announces Opening of Brazil Payment Corridor

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New Payment Rail Allows Next-Day Payments to Latin America’s Largest Economy

Align Commerce

Next-generation global payments provider Align Commerce today announced the opening of its Brazil corridor to allow small businesses to easily send payments to Latin America’s largest country. As the two largest economies in the Western Hemisphere, the United States and Brazil – as well as the 60 other countries Align Commerce currently serves – will now reap the benefits of Align’s revolutionary multi-rail technology that combines the blockchain with traditional payments, simple invoicing and real-time payments tracking.

Align Commerce is reforming the opaque, expensive and time-consuming methods of sending funds overseas through banks and traditional payment providers by pioneering its proprietary “multi-rail” payments platform that utilizes blockchain technology to send money across borders and currencies. 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.

With the 2016 Summer Olympics just months away and expected to draw nearly 400,000 visitors from all over the world, the opening of a payments rail to support increased economic investment in Brazil is timelier than ever.

“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 opening of the Brazil rail follows shortly after Align Commerce announced in February that it had launched its payment rail in China. Align’s rapid global growth underscores the abundant demand for an innovative alternative to the outdated wire transfer system.

“Before discovering Align Commerce, I tried using other payment solutions but found them to be slow, expensive and complicated," said Marco Silva, vice president of finance at Oasis Collections, a high-touch marketplace for short-term rentals. “Align Commerce has solved one of my biggest problems, enabling us to quickly pay our homeowner partners, suppliers and contractors. Align Commerce is well designed for the SMB owners who needs to make frequent international payments."

Small business are charged more than $50 billion annually in opaque bank wire and foreign exchange fees, reducing the amount of capital they are able to invest back into the economy and their own development. With Align Commerce’s straight-forward and transparent fee structure, users know in advance how much each transaction will cost, allowing them to accurately budget for this crucial part of doing business in the global economy.

For more information about the Align Commerce cross-border payments platform and how Align Commerce is enabling faster, simpler and less expensive overseas payments for small businesses, visit AlignCommerce.com. To sign up, visit https://www.aligncommerce.com/dashboard/register.

About Align Commerce
Align Commerce (Align) is a next-generation global payments provider that enables businesses to quickly and securely pay and get paid in their local currency. Align is disrupting the archaic international payments industry by leveling the playing field for small businesses in cross-border payments. Align helps businesses process payments via a simple, frictionless, and inexpensive manner by using revolutionary multi-rail technology.

Media Contact:
Racepoint Global for Align Commerce
Hilary Costa
+1 (415) 694-6705
AlignCommerce(at)racepointglobal(dot)com

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Hilary Costa
Racepoint Global
+1 4156946705
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