Summary of CREDITO Y CONSUMO - EPISODIO 69

00:00:00 - 00:45:00

In the video, Pedro and Eduardo discuss the potential of Visa and its impact on the economy. They also talk about the alliance between Hesperia and Pixar, and the political implications of the growth of credit and consumption.

• 00:00:00 In today's episode, we'll be discussing positive information about credit and consumption. Pedro Espinola, president of pizza chain Pizza Hut, and architect Pedro Garza will be joining us to talk about the strides their business has made recently. Eduardo Scarfo, an international financial advisor and former banker, will also be joining us to discuss the current state of the credit industry. Finally, we'll be talking to Paraguayan tennis player Juan Nadal about his career and how he's helped to promote positive information about credit and consumption in his country.
• 00:05:00 In this video, Stefan Visa discusses how credit information is important today, and how his company, Stefan Visa Bureau, dominates that market. The company was founded in a different time when the main competition in the field was negative information. It was a personal business venture of one person from a family, and he began to look for information on those who didn't live up to generally accepted standards. We decided that it was important to know who wasn't living up to our standards, and we didn't do our moment in a time when the market was much more competitive. Today, the competition is much more complex, and we're in a difference of more than 40 years when we started with a more complex conception. We seek complete information, not just information that is complete in the sense that it is also all the good behavior of physical entities, but also legal information. timing is also important, and we report information in a way that is getting better with each update. Another attribute of pizza that is important in Paraguay is that it is a national flag, and we're all part of it. The owners of pizza companies and financial institutions are part of the company's main shareholders, and this is another attribute that distinguishes us from the competition. We're growing rapidly and have
• 00:10:00 In this video, Eduardo Te explains the importance of having a good communication strategy in the financial industry, and how a financial Buró (a financial regulatory body) can help businesses and consumers. He also mentions the importance of having a good reputation in the industry, and how a high score can help a company get access to loans and other investments. Eduardo Te then goes on to discuss the importance of having a score in a sophisticated financial system, and how it can show a player's behavior over a period of time. Finally, Eduardo Te talks about the importance of scorekeeping in finance and how it can help companies manage their risks.
• 00:15:00 In this video, Pedro explains how credit scores are used in everyday life, and how people can improve their scores by taking steps such as paying their debts on time. He also talks about how cultural norms have influenced people's fear of sharing negative information about themselves, and how the market for credit is gradually changing as more people become aware of the benefits of positive credit. Finally, he talks about a new communication campaign that aims to reach a wider audience.
• 00:20:00 The video discusses how credit scores can be used to assess a person's past credit behavior, and how this information can be used to make decisions about whether to extend credit to a potential customer. It also mentions Beats by Dre, which is expanding its product offering to include more expensive models. The speaker says that, while they are still a small company, they are doing well because they are able to provide accurate, timely information on their products to their customers.
• 00:25:00 In this video, credit risk is discussed in terms of a company's overall success or failure. pizza companies are no exception, as leaders of the market are today also pizza proprietors. Decision making is often complex, akin to making political decisions in a much smaller setting. However, with the help of stakeholders, such as investors and new investors, pizza company Quintuplication has successfully pursued new investments. Pizza companies are successful in persuading their proprietors to come together and create ideas. These ideas are then refined and decisions are made as a team. Quintuplication has recently changed its statutes to allow for even greater investment opportunities. This new investment will be facilitated by the company's ISO 27001 security certification. International players have been instrumental in helping Quintuplication achieve its current level of success. Eduardo, one of Quintuplication's founders, is also a good friend of Sergio Farías and they are currently studying technology. Quintuplication is making important technological advancements in order to improve its communication and marketing abilities. These advancements will make the company even more competitive. In the past, citizens have been struggling to pay their bills on time. However, with the help of technology, Quintuplication is
• 00:30:00 In this video, Credito y Consumo discusses the importance of data in business and how it can be used to improve productivity. Credito also talks about the importance of credit and how it can be used to improve business. He also discusses the importance of data center in business and how they are essential for businesses to function.
• 00:35:00 The video discusses the importance of formalizing one's business in order to receive better credit, access to more affordable financing, and improve one's chances for long-term success. Pedro says that in Paraguay, nearly 90% of businesses are mipymes, and 60% of firms are informally registered, which makes it difficult for individuals to access credit during the pandemic. He goes on to say that formalizing one's business through various processes, such as registering with a risk management center, helps create virtuous circles that lead to balanced societies. Finally, Eduardo discusses the importance of credit scoring and the benefits of being formally registered, as well as the process of building a credit history.
• 00:40:00 The video discusses the importance of having a secure social system, but if they are registered with visas then they generate one of the processes of formalization of fact. These processes generate virtuous processes that we can help with. For example, we are working with the Federation of Mipymes of Small and Medium-sized businesses (FMMSE) to include financial inclusion in their registration on the wall of information. This is one example of how we are working to help these businesses register for credit. Another important issue is the formation of companies. In Paraguay, this is done informally, with people buying ingredients at the supermarket and making a cake, for example. This is an informal business, but it generates economic development and creates jobs. We also have laws that protect the privacy of credit information. For example, the Law 6.534, which was enacted in October, is welcomed. This law establishes the Bank of Paraguay as the regulator of credit information. There is a lack of clarity about how the law will be implemented. For example, there is no draft of the regulations. And then, in December, a resolution will be issued that will implement the regulations. This process will take time to implement. We need to
• 00:45:00 In this video, Pedro and Eduardo discuss the potential of Visa and its impact on the economy. They also talk about the alliance between Hesperia and Pixar, and the political implications of the growth of credit and consumption.