Third party payment helps footwear manufacturers to increase share of international market-news from globe billDocument Transcript
Third-party Payment Helps Footwear Manufacturers to Increase Share ofInternational Market-news from GlobeBill Despite the strength of the Brazilian real which does not favor exports Brazilian shoe manufacturers are still placing their bets on the international market. One of the reasons for this stance comes from Asia where a production shortfall should occur according to international organizations. This is based around China whose production of footwear is expected to stabilize and this in turn will leave a gap of 800 million pairs of shoes to be filled by other producing nations.According to Heitor Klein, Executive Director of the Brazilian Footwear Association(Abicalç ados), Brazil could benefit from this situation and supply part of thisproduction shortfall stating that “the best and largest slice of this cake could come tous”. Brazilian footwear production is some 800 million pairs of which just 126.5million are exported.Considering that China manufactures 10 billion pairs of shoes per year (61% of globalproduction) and exports some 8 billion pairs, in effect it will not cover the demand inthe international marketplace for some 800 million. With such a great need from bothchina and Brazil merchants, payment providers are providing them with best support.By establishing a local payment gateway in Brazil; GlobeBill can effectively help theforeign investments solve the problems of operating difficulty. As a representativeof GlobeBill, Lin said that the number of Chinese third-party payment gatewayinvolving in Brazilian Foreign Trade receivables were very limited which has causeda lot of obstacles when foreign power want to enter the Brazilian market. To solve thisproblem, GlobeBill will launch a payment solution in Brazils largest local onlinepayment Boleto in mid-May. The payment gateway will be able to provide bothBrazilian and Asia merchant a professional payment solution in Brazilian localbusiness.