Economic instability and depreciating currencies make doing business in emerging markets such as Africa and Latin America challenging. Our technology enables businesses operating within these markets to protect the value of their revenue by autonomously transitioning said revenue from volatile G20 currencies to high value G3 currencies like the U.S. dollar.
Our solution is best suited to businesses seeking to escape local currency devaluation, easily access FX liquidity, repatriate their revenue, and increase their profit margins in volatile markets.
GAC Motors is the leading Chinese automobile manufacturer in Nigeria. They needed a more reliable offline payment solution and easier access to USD liquidity to save and repatriate revenue. Esca provided a POS (point of sale) device that lets them accept Naira payments offline while generating USD on every transaction. They can now generate their own USD liquidity to store value and avoid currency devaluation, make international payments, and scale their physical locations across Nigeria.
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