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    Mom-and-pop stores get a fintech upgrade.

    Bimbo is one of the world’s largest bakeries, with a presence in 22 countries and almost $14 billion in revenue. It’s also lifting many of its smaller partners into the digital world. Grupo Bimbo started the Red Qiubo program to modernize the payment systems of small stores in Mexico. Now those shops can accept payments electronically, rather than being stuck in a cash economy—a key to future growth.

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    Company Information

    Impact Segment
    Economic Opportunity/Financial Inclusion
    Sector
    Food
    Industry
    Food Consumer Products
    CEO
    Daniel Servitje Montull
    Websitehttp://www.grupobimbo.com
    Employees127,152
    Company Type
    Public
    Revenues ($M) (Last Fiscal Year)$13,840
    Profits ($M) (Last Fiscal Year)$327
    Market Value ($M)$14,322