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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.

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