Trade finance network TradeCard is opening operations in Brazil, marking its official expansion into the Latin America region.
Kurt Cavano, TradeCard chairman and CEO says: "Establishing operations in Brazil has been a TradeCard goal from the start because of the leadership role Brazil commands in Latin American trade."
Carlos Aldan De Araujo, executive vice president of the World Trade Centers Assessoria International Ltda. of Sao Paulo, comments: "TradeCard is exactly what Brazil needs - for its exporters, and for its economy. In tough economic times, saving time and money on trade transactions is more important than ever."
TradeCard's Web-based system enables buyers and sellers to initiate, conduct and settle trade transactions online through a secure network. Smaller companies can access the TradeCard system through a browser, and larger companies through their existing enterprise resource planning (ERP) systems.
Since its launch in April 2000, the company claims to have processed $50 million in trade transactions between businesses worldwide.