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BanQu Uses the Private Sector to Make Social Change
Learn how BanQu solves business problems, increases company sustainability, and accelerates socia...
June 26, 2020
AB InBev | June 06, 2019
AB InBev Continues to Grow Its Partnership with BanQu
The partnership between BanQu and beverage manufacturer AB InBev was forged in 2018 to create truly transparent supply chains. This partnership has been a massive success.
Through a partnership deal with ZX Enterprises, BanQu and beverage manufacturer AB InBev are growing their effort to create transparency in supply chains that go all the way to the independent farmers who grow cassava in the Congo. As this partnership deepens, so does visibility into supply chains worldwide, helping manufacturers monitor the sustainability of the crops they depend on.
An AB InBev press release explains this:
The deal opens up new opportunities for BanQu to do business with FMCG (Fast Moving Consumer Goods) companies looking to build profit and purpose across their supply chains while ensuring UN Sustainable Development Goals (SDGs) are measured along the way. BanQu is now integrated with banks and mobile money providers like MTN and Airtel to start reducing cash risk at the last mile. The company aims to further expand its popular “track and trace” feature to AB InBev’s recycling, crop insurance, and labor-related enhancements in an effort to build micro-retailer eco-systems and true circular economies.
Read the full press release.
See the full story here
