SUIC Announces Beneway Ecosystem for Supply Chain Partners

The global supply chain continues to face unprecedented stress. The challenges created from increased consumer demand and a backlog of production due to the Covid-19 pandemic continue to erode at supply chain efficiencies, profits, and innovations. Add to that, the inefficiencies and outdated methods around supply chain financing and financial transactions, and its clear to see why there is so much urgency to get the supply chain updated, upgraded, and renovated.

One firm playing a role in getting the supply chain back on track, in terms of profitability and financing efficiency is Sino United Consolidated Worldwide (OTCMKTS: SUIC). SUIC is using its Beneway Ecosystem to make financial transactions in the supply chain quicker, more profitable, and more readily accessible.

How does the Beneway Ecosystem Benefit Users?

The Beneway Ecosystem helps users:

·        Flip profit margins from low to high

·        Flip sales turnover rates from low to high

·        Put idle cash to work

·        Lower operational costs

What is the Beneway Ecosystem and Who Benefits from It?

The Beneway Ecosystem is, “a platform that integrates global fintech partners and technology for better solutions for merchants, manufacturers and suppliers.” Put another way, Beneway is a one-stop-shop where key players in the supply chain can conduct financial transactions as borrowers, lenders, buyers, and sellers.

The Beneway platform is a banking ecosystem, focused completely on the supply chain. It provides cross-border payments, digital borderless wallets, and it even acts as an exchange for digital currency, using both fiat currency and new digital currencies. All of this creates new levels of efficiencies, speed, and smooth operation in the world of supply chain finance.

Who Benefits and Why?

Suppliers benefit from this new ecosystem platform because they can get paid quicker, for more product, in virtually any currency.

Buyers benefit in the same way as suppliers, because the more they can purchase, the greater economies of scale they can reach, which helps to lower per-unit costs and increase overall profitability. This is achieved, in part, because of Beneway’s lending environment and products which make it easier to secure funding and make payments. Not only is the lending easier to secure, logistically, it is done in a timely manner. As long as the buyer can create and account provide the necessary purchase information, money can be made available in less time than more traditional supply chain financing methods.

How does the Beneway Ecosystem Work?

SUIC has developed four unique products that serve as the backbone of the Beneway Ecosystem.

1.      Flash Pay: Flash Pay allows merchants to request funding from member fund providers and pay daily interest on the platform. This means no more searching for funds, you simply swipe and pay. “Same Day Swipe, Same Day Pay.”

2.      Free Pay: Beneway’s Free Pay is a payment solution that allows PSP (procurement services provider) and exclusive contract merchants to reduce their transaction fees or receive fee exemptions on their payments. “Park Funds. Pay Zero Cost.”

3.      CQ Pay: The CQ Pay product isa peer-to-peer lending platform that operates for e-commerce sales channels. Once enrolled, users can open their accounts and instantly link transactions through their web APIs. Beneway then provides funding, based on this information, and collects daily interest. “Emergency Loan, Double EC Revenue”

4.      UP Pay: This is a “combined purchase and advance payment service for suppliers and purchasers.” Merchants are granted credit lines, by Beneway, which allows them to receive goods and services without sending deposits to suppliers in advance. Essentially, this creates a greater level of bulk purchasing, which leads to greater economies of scale, and thus lowered cost and higher profits.

SUIC as an Investment

Solving supply chain issues is no easy task, so the firms that are able to be part of that solution stand poised to reap the benefits of their ingenuity. Currently, SUIC’s stock is holding at $0.54 per share. If the Beneway Ecosystem drives supply chain efficiency, or even simply plays a role, it could make sense for SUIC to move from Watchlist to Portfolio.

Is SUIC ready for your watchlist?

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