{"id":12748,"date":"2022-01-25T11:06:31","date_gmt":"2022-01-25T15:06:31","guid":{"rendered":"https:\/\/afcomunicacion.com\/uncategorized\/mio-and-fenacodep-sign-agreement-to-drive-innovation-in-businesses-through-digital-payments\/"},"modified":"2022-01-25T11:06:31","modified_gmt":"2022-01-25T15:06:31","slug":"mio-and-fenacodep-sign-agreement-to-drive-innovation-in-businesses-through-digital-payments","status":"publish","type":"post","link":"https:\/\/afcomunicacion.com\/en\/press-room\/mio-and-fenacodep-sign-agreement-to-drive-innovation-in-businesses-through-digital-payments\/","title":{"rendered":"MIO and Fenacodep sign agreement to boost businesses through digital payments"},"content":{"rendered":"<ul>\n<li><em>This strategic alliance aims to reach around 15,000 retailers to promote financial inclusion and the democratisation of digital payments in the DR.<\/em><\/li>\n<\/ul>\n<div>\n<p class=\"x_MsoNormal\" aria-hidden=\"true\"><strong>Santo Domingo, January 2021.-<\/strong> To drive innovation and economic dynamism among Micro, Small and Medium-sized Enterprises (MSMEs), the National Federation of Grocery Retailers (<strong><span style=\"color: #5d4593\">FENACODEP<\/span><\/strong>) and <strong><span style=\"color: #fd6800\">MIO<\/span><\/strong>, a company that uses technology to offer financial solutions, will work together to give small business owners new payment alternatives.<\/p>\n<\/div>\n<div>\n<figure id=\"attachment_6284\" aria-describedby=\"caption-attachment-6284\" style=\"width: 300px\" class=\"wp-caption alignleft\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-6284\" src=\"https:\/\/afcomunicacion.com\/wp-content\/uploads\/2022\/01\/Foto-2-Jorge-Morales-Christian-Pichardo-Maximiliano-Bar-Fausto-Figuereo-y-Manuel-Troncoso-300x200.jpg\" alt=\"\" width=\"300\" height=\"200\" srcset=\"https:\/\/afcomunicacion.com\/wp-content\/uploads\/2022\/01\/Foto-2-Jorge-Morales-Christian-Pichardo-Maximiliano-Bar-Fausto-Figuereo-y-Manuel-Troncoso-300x200.jpg 300w, https:\/\/afcomunicacion.com\/wp-content\/uploads\/2022\/01\/Foto-2-Jorge-Morales-Christian-Pichardo-Maximiliano-Bar-Fausto-Figuereo-y-Manuel-Troncoso-1024x683.jpg 1024w, https:\/\/afcomunicacion.com\/wp-content\/uploads\/2022\/01\/Foto-2-Jorge-Morales-Christian-Pichardo-Maximiliano-Bar-Fausto-Figuereo-y-Manuel-Troncoso-768x512.jpg 768w, https:\/\/afcomunicacion.com\/wp-content\/uploads\/2022\/01\/Foto-2-Jorge-Morales-Christian-Pichardo-Maximiliano-Bar-Fausto-Figuereo-y-Manuel-Troncoso-1536x1024.jpg 1536w, https:\/\/afcomunicacion.com\/wp-content\/uploads\/2022\/01\/Foto-2-Jorge-Morales-Christian-Pichardo-Maximiliano-Bar-Fausto-Figuereo-y-Manuel-Troncoso-2048x1365.jpg 2048w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><figcaption id=\"caption-attachment-6284\" class=\"wp-caption-text\"><span style=\"color: #5d4593\">Jorge Morales, Christian Pichardo, Maximiliano Bar, Fausto Figuereo and Manuel Troncoso<\/span><\/figcaption><\/figure>\n<p class=\"x_MsoNormal\" aria-hidden=\"true\">The collaboration agreement, signed by <span style=\"color: #5d4593\">Fausto Figuereo<\/span>, president of <strong><span style=\"color: #5d4593\">Fenacodep<\/span><\/strong>, and <span style=\"color: #5d4593\">Maximiliano Barr<\/span>, co-founder and commercial director of <span style=\"color: #fd6800\"><strong>MIO<\/strong><\/span>, will reach around 15,000 of the federation&#8217;s members, using technology to stimulate economic dynamism and commercial activity.<\/p>\n<p class=\"x_MsoNormal\" aria-hidden=\"true\">At the signing, the Vice-Minister for the Promotion of Micro, Small and Medium-sized Enterprises, <span style=\"color: #5d4593\">Jorge Morales<\/span>, said traditional businesses today face the challenge of transforming, especially MSMEs and above all grocery retailers, in order to remain competitive in an environment very different from the one they were used to when they started out.<\/p>\n<p aria-hidden=\"true\">\n<\/div>\n<div>\n<figure id=\"attachment_6286\" aria-describedby=\"caption-attachment-6286\" style=\"width: 200px\" class=\"wp-caption alignright\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-6286\" src=\"https:\/\/afcomunicacion.com\/wp-content\/uploads\/2022\/01\/Foto-3-Fraysis-Moronta-y-Laura-Lee-200x300.jpg\" alt=\"\" width=\"200\" height=\"300\" srcset=\"https:\/\/afcomunicacion.com\/wp-content\/uploads\/2022\/01\/Foto-3-Fraysis-Moronta-y-Laura-Lee-200x300.jpg 200w, https:\/\/afcomunicacion.com\/wp-content\/uploads\/2022\/01\/Foto-3-Fraysis-Moronta-y-Laura-Lee.jpg 511w\" sizes=\"auto, (max-width: 200px) 100vw, 200px\" \/><figcaption id=\"caption-attachment-6286\" class=\"wp-caption-text\"><span style=\"color: #5d4593\">Fraysis Moronta and Laura Lee<\/span><\/figcaption><\/figure>\n<p class=\"x_MsoNormal\" aria-hidden=\"true\"><em><span style=\"color: #5d4593\">&#8220;We have moved from a local market to a much more global one, and associations are not exempt from this digital transformation process. Many sectors have also been affected by a radical change in business model, and to adapt it is wise to take the next step. This strategic alliance between<\/span> <strong><span style=\"color: #fd6800\">MIO<\/span><\/strong> <span style=\"color: #5d4593\">and<\/span> <strong><span style=\"color: #5d4593\">FENACODEP<\/span><\/strong><span style=\"color: #5d4593\"> meets the need for digital tools for financial inclusion and for collecting and making digital payments.&#8221;<\/span><\/em><\/p>\n<\/div>\n<div>\n<p class=\"x_MsoNormal\" aria-hidden=\"true\"><span style=\"color: #5d4593\">Fausto Figuereo<\/span> explained that with this agreement they aim to promote the use of digital payment methods so that MSMEs join the technological revolution as a boost to their growth and competitiveness, benefiting the organisation&#8217;s various associations and members.<\/p>\n<\/div>\n<div>\n<p class=\"x_MsoNormal\" aria-hidden=\"true\">Meanwhile, <span style=\"color: #5d4593\">Maximiliano Barr<\/span> set out the strategies they will implement to support innovation in this business segment. <span style=\"color: #5d4593\"><em>&#8220;We will make our platform available so that retailers can accept card payments and other digital payment methods from a smartphone or mobile device such as a tablet. Our solution democratises not only access to digital payment acceptance, but also tools that help businesses grow and have more control, such as seeing their sales history, managing a product catalogue, making remote sales with payment links and getting to know their customers better so they can serve them better. We want to deepen our relationship with the sector, empowering it with tools so they can take charge of managing their finances and prosper&#8221;<\/em><\/span>, he explained.<\/p>\n<p aria-hidden=\"true\">\n<\/div>\n<div>\n<figure id=\"attachment_6293\" aria-describedby=\"caption-attachment-6293\" style=\"width: 200px\" class=\"wp-caption alignleft\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-6293\" src=\"https:\/\/afcomunicacion.com\/wp-content\/uploads\/2022\/01\/Foto-6-Francisco-Moya-y-Salvador-Flores-200x300.jpg\" alt=\"\" width=\"200\" height=\"300\" srcset=\"https:\/\/afcomunicacion.com\/wp-content\/uploads\/2022\/01\/Foto-6-Francisco-Moya-y-Salvador-Flores-200x300.jpg 200w, https:\/\/afcomunicacion.com\/wp-content\/uploads\/2022\/01\/Foto-6-Francisco-Moya-y-Salvador-Flores.jpg 511w\" sizes=\"auto, (max-width: 200px) 100vw, 200px\" \/><figcaption id=\"caption-attachment-6293\" class=\"wp-caption-text\"><span style=\"color: #5d4593\">Francisco Moya and Salvador Flores<\/span><\/figcaption><\/figure>\n<p class=\"x_MsoNormal\" aria-hidden=\"true\">At the signing, <strong><span style=\"color: #fd6800\">MIO&#8217;s<\/span><\/strong> CCO said that as well as enabling businesses to accept card payments, <strong><span style=\"color: #fd6800\">MIO<\/span><\/strong> aims to train and guide retailers on adopting new payment methods, providing quick solutions for business administration to simplify their day-to-day work and add value to how they manage their business finances.<\/p>\n<\/div>\n<div>\n<p class=\"x_MsoNormal\" aria-hidden=\"true\">As part of the agreement, <span style=\"color: #fd6800\"><strong>MIO<\/strong><\/span> will run training and awareness workshops through the associations that make up <strong><span style=\"color: #5d4593\">FENACODEP<\/span><\/strong> on adopting technology to strengthen competitiveness. To create value for members, they will also provide guidance and support on stock management, sales, marketing strategies and finance, among other topics of interest to MSMEs.<\/p>\n<\/div>\n<div>\n<p class=\"x_MsoNormal\" aria-hidden=\"true\">The meeting, held at a hotel in the capital, was attended by <span style=\"color: #5d4593\">Jonathan Bournigal<\/span>, MICM chief of staff; <span style=\"color: #5d4593\">Christian Pichardo<\/span>, co-founder and CEO of <span style=\"color: #fd6800\"><strong>MIO<\/strong><\/span>; <span style=\"color: #5d4593\">Manuel Troncoso<\/span>, adviser to the Executive Committee of <span style=\"color: #5d4593\"><strong>FENACODEP<\/strong><\/span>; and other representatives of both organisations and the sector.<\/p>\n<p aria-hidden=\"true\">\n<\/div>\n<div>\n<p class=\"x_MsoNormal\" aria-hidden=\"true\"><span style=\"color: #fd6800\"><a style=\"color: #fd6800\" href=\"https:\/\/www.mio.com.do\/\"><strong>About MIO<\/strong><\/a><\/span><\/p>\n<\/div>\n<div>\n<p class=\"x_MsoNormal\">A digital financial management platform that helps people and businesses grow by giving them simple tools so they can live to the full.<strong><span style=\"color: #fd6800\"> MIO<\/span><\/strong> believes that democratising sound personal and business financial management is possible through digital payment platforms and practices that enable financial inclusion.<\/p>\n<\/div>\n<div>\n<p class=\"x_MsoNormal\" aria-hidden=\"true\"><span style=\"color: #5d4593\"><a style=\"color: #5d4593\" href=\"https:\/\/fenacodep.org\/\"><strong>About FENACODEP<\/strong><\/a><\/span><\/p>\n<\/div>\n<div>\n<p class=\"x_MsoNormal\">The National Federation of Grocery Retailers, Incorporated (<strong><span style=\"color: #5d4593\">FENACODEP<\/span><\/strong>), promotes the development and modernisation of colmados (corner shops) and their institutional structure (associations, regional blocs and governing bodies: congress, national council and executive committee), and represents retailers nationwide, championing the social and economic development and wellbeing of all its members. It has more than 30,000 members in 102 retailers&#8217; associations across the country.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>This strategic alliance aims to reach around 15,000 retailers to promote financial inclusion and the democratisation of digital payments in the DR. Santo Domingo, January 2021.- To drive innovation and economic dynamism among Micro, Small and Medium-sized Enterprises (MSMEs), the National Federation of Grocery Retailers (FENACODEP) and MIO, a company that uses technology to offer [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":6282,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[486],"tags":[2444,2445,2446,2447,2448],"class_list":["post-12748","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-press-room","tag-emprendedores-en","tag-fenacodep-en","tag-maximiliano-barr-en","tag-mio-en","tag-pagos-digitales-en"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.3 (Yoast SEO v28.3) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>MIO and Fenacodep sign agreement to boost businesses through digital payments - AF Comunicaci\u00f3n 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