Tienda Pago
Tienda Pago operates in Peru and Mexico, offering a solution for purchasing and payment that helps businesses stock merchandise from allied distributors, promoting financial inclusion across Latin America.
Services
Tienda Pago provides a solution for purchasing and payment to help businesses stock merchandise from allied distributors. Businesses can request a token via WhatsApp or the company's app to make transactions. Payments can be made at affiliated banks or stores. The company offers a simple three-step process: requesting a token, making a transaction with the token, and paying at a bank or affiliated store. Tienda Pago offers financing for the purchase of major categories such as beverages, dairy, and airtime.
Operations in Peru and Mexico
Tienda Pago operates in Peru and Mexico, covering over 14 cities in Peru and over 30 cities in Mexico. The company processes over $100 million in loans annually, impacting over 30,000 families and 120,000 people. It has expanded its presence with over 33,000 payment points in Mexico and over 11,000 in Peru. Founded in 2014 in Peru, Tienda Pago began operations in Mexico by the end of 2016.
Mobile App and Technology
Tienda Pago offers a mobile app that allows businesses to manage their accounts and transactions. The app supports a simple and easy-to-use technology, designed to aid clients in both stable and challenging times. Additionally, businesses in the food and grocery sectors can manage their loans via WhatsApp or the company's app.
History and Expansion
Founded in 2014, Tienda Pago began operations in Peru before expanding to Mexico at the end of 2016. The company aims to promote financial inclusion across Latin America, providing tools and services to thousands of businesses. Tienda Pago's impactful work has earned recognition from distinguished organizations such as the IFC, Medium, Acción, Wall Street Journal, and the World Bank/World Economic Forum.
Awards and Recognition
Tienda Pago has been a finalist in the UNDP SDG competition for reducing poverty through technology and innovative products. The company won first place in the MIT IIC competition for financial inclusion. This recognition underscores Tienda Pago's commitment to promoting financial inclusion and innovative solutions to support businesses in Latin America.