You would think European importers make good money bringing in Brazilian mangos or Colombian blush wine . Yet , according to Laurens Maartens of StoneX , money is often unnecessarily wasted along the way .
" European importer often ca n’t devote in local currencies . They have dead no idea what commutation pace the banks will charge . So , they ’re at the complete mercy of those local banks . Importers often do n’t experience it , but they could deliver a immense amount of money , " Laurens says .
Laurens Maartens
StoneX specialize in transverse - border payment to less common currencies . It wants to provide its clients with an ever - broader range of service . So , the company set up offices in Brazil . Now , it can alleviate both incoming and extroverted payments for businesses . And it takes care of all the associated paperwork . The fiscal services supplier has arm in São Paulo , Campinas , and Porto Alegre . This year , it has catch the go - ahead to set up in Colombia too .
" It seems simple . But , these variety of local payments are difficult , if not unimaginable . It ’s a headache for many job accountant . Those payments have to go through a local entity . Most parties in the market do n’t even have one of those . We were one of the first strange troupe to receive a license from the Brazilian bank . "
" That was in 2018 . That allows us to ease both incoming and extroverted defrayment locally . As a result , we can now make payments in Brazilian real number for our guest . The license we late obtained in Colombia think of we can now do the same in Colombian peso , " says Laurens .
" We take care of all the paperwork too . We have a local comportment all over , so the data menstruum is significantly smoother . Also , we can support troupe that have production facility in those body politic . We can make local currency payments for things like remuneration . "
" Here , too , there ’s a vast amount of money to be saved . We make entirely transparently . We ply clients with an exchange rate . They , thus , know in advance how many euros or dollars they ’ll ask to play their debt instrument . We add no fees , commissions , or other monetary value to the transactions , " sum Laurens .
" Our local presence is super attractive to European fruit and veg importers . There are hundreds of these companies . Both Brazil and Colombia are booming as yield production and exportation countries . In 2021 , Brazil ’s fruit sphere ’s exports reach the $ 1 billion ( € 876.8 pulverization . ) mark . "
" That land sent about 1.2 million ton of fruit to the external market place last year . In 2021 , Brazilian fruit imports to the Netherlands increased by 19 % . From Colombia , by as much as 32 % . That ’s primarily thanks to the increasing menstruation of avocados , " Maartens continues .
" There are also rattling opportunities here for ornamental works cultivator . Colombia , after all , has the most orchid metal money in the macrocosm . In recent months , we ’ve received mint of interrogation from Amsterdam to facilitate payments to those nation . "
Laurens say the global pandemic has not negatively affected their service delivery . " Unlike many companies , we ’ve become busier . Last year , we process more than $ 1 billion in requital in Brazil alone . Our web - based ball-shaped payments weapons platform lets customers make transactions electronically at any meter of daytime . That include due diligence and a Know Your Customer ( KYC ) check . "
" This summate value allowed us to ramp up an even warm relationship with our client . Even in the thick of the pandemic . " Laurens root on business owner with questions about convert currencies or payments to Brazil or Colombia to put them to the tryout . " It cost nothing to liken , " he conclude .
For more data : Laurens MaartensStoneX Financial GmbHTower H , World Trade Center1077 XV , Amsterdam , NLTel : +31 ( 0 ) 615 478 859Email:[email protected]Website : www.stonex.com
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