CaribPR Wire

Now accessible to millions of PayPal consumers and merchants, PayPal USD helps provide stable purchasing power and enable lower-cost global commerce

May Zabaneh, Senior Vice President and General Manager of Crypto PayPal

May Zabaneh, Senior Vice President and General Manager of Crypto PayPal

PayPal USD (PYUSD)

PayPal USD (PYUSD)

CARIBPR WIRE, SAN JOSE, Calif., May 20, 2026: PayPal today announced it is making PayPal USD (PYUSD) available in 70 markets worldwide in the PayPal account. This dollar-backed stablecoin enables users to send funds globally, with faster settlement and lower cost than traditional payment methods.

As global commerce becomes increasingly digital, individuals and businesses are looking for faster and more seamless ways to transact across borders. Stablecoins like PYUSD help power an inclusive, fast, lower cost,global commerce system.

“Consumers and businesses around the world are looking for faster, more seamless ways to transact globally and the current system still charges too much, takes too long, and settles on timelines that were designed for a different era,” said May Zabaneh, Senior Vice President and General Manager of Crypto, PayPal. “We are working to change that. Enabling PYUSD in users accounts across 70 markets gives people faster access to their funds, lower-cost ways to send money across borders, and a more direct path to participating in the global economy and that is what drives commerce forward for everyone.”

Users in newly supported markets can buy, hold, send, and receive PYUSD directly from their PayPal account.¹ Additionally, eligible users can earn rewards on their PYUSD holdings², can instantly transfer funds to friends and family, whether on PayPal or to third-party digital wallets, and convert PYUSD to local currency when withdrawing funds³ for everyday spending.

Businesses that accept PYUSD can use proceeds in minutes rather than days or weeks, improving liquidity and reducing reliance on traditional settlement cycles. Faster access to funds can help businesses manage working capital, support cross-border operations, and participate in global commerce.

Following the launch of PYUSD in the United States in 2023, this expansion is another critical step in creating the liquidity, utility, and ubiquity of PYUSD necessary to create a more inclusive, global commerce ecosystem. By making it available in more places through PayPal, PYUSD helps consumers send funds internationally at lower cost, while enabling businesses to settle faster, reduce foreign payment fees, and access proceeds more quickly.

PYUSD, a US federally regulated stablecoin, is now available to users in their PayPal accounts across multiple global regions, including Asia-Pacific, Europe, Latin America, and North America¹. This includes Colombia, Costa Rica, Dominican Republic, Faroe Islands, Greenland, Guatemala, Honduras, Panama, Peru, Singapore⁴, the United Kingdom, and the United States. PayPal users in the remaining markets will have access to PYUSD in the coming weeks.

For more information about PYUSD, please visit www.paypal.com/pyusd.

¹ User experience may vary based on local regulations and PayPal experience.

² Rewards are not available to Singapore or United Kingdom-based users. Rewards rate will be determined at all times in PayPal’s sole discretion, is not guaranteed, and is subject to change. Terms Apply.

³ Terms and conditions apply.

⁴ PYUSD will only be available to PayPal business account holders in Singapore. PYUSD will not be available to Singapore based consumers.

About PayPal USD (PYUSD)

PayPal USD is issued by Paxos Trust Company, N.A., a fully-chartered trust company regulated by the Office of the Comptroller of the Currency (OCC). Reserves for PayPal USD are fully backed by U.S. dollar deposits, U.S. Treasuries and similar cash equivalents, and PayPal USD can be bought or sold through PayPal and Venmo at a rate of $1.00 per PayPal USD.

PayPal, Inc. (NMLS ID #: 910457) is licensed to engage in Virtual Currency Business Activity by the New York State Department of Financial Services.

About PayPal

PayPal has been revolutionizing commerce globally for more than 25 years. Creating innovative experiences that make moving money, selling, and shopping simple, personalized, and secure, PayPal empowers consumers and businesses in approximately 200 markets to join and thrive in the global economy. For more information, visit https://www.paypal.com, https://about.pypl.com/ and https://investor.pypl.com/.

Photos accompanying this announcement are available at

https://www.globenewswire.com/NewsRoom/AttachmentNg/16cadb19-fec1-4095-8a96-f57f9525d957

https://www.globenewswire.com/NewsRoom/AttachmentNg/6d8c1ef1-bf88-4f4d-9b3c-f50647c0847b

Leading Caribbean and Central American payment gateway expands client payment options with stablecoin settlement, powered by 1Money’s global platform

CARIBPR WIRE, Hamilton, Bermuda, Weds. April 29, 2026: Powertranz, a leading payment gateway in the Caribbean and Central America, today announced a strategic partnership with 1Money, the first vertically integrated financial stack. The collaboration enables Powertranz clients to settle invoices and pay for Powertranz services using stablecoins, offering a faster, more flexible alternative to traditional international cross-border payment methods.

With over 27 years of experience, Powertranz is at the forefront of payment innovation in the region. This new partnership represents a further step in that journey – one that recognises the growing role of digital assets in the global payments landscape and the evolving expectations of modern merchants.

By integrating 1Money’s platform, Powertranz clients can now settle Powertranz invoices faster and more efficiently than traditional cross-border transactions. The integration eliminates many of the inefficiencies associated with traditional international transfers, including delays and high conversion costs, while remaining fully compliant with applicable regulations. This is the first phase of a wider stablecoin payments strategy.

“At Powertranz, we are committed to giving our clients more choice in how they do business with us. By enabling stablecoin payments for our services, we are making it easier for clients to pay us in a way that is modern, efficient, and aligned with the evolving global payments landscape. We are pleased to be working with 1Money, whose platform is built to support compliant stablecoin and fiat flows with global bank on- and off-ramps.”

— Chris Burns, Powertranz CEO

Key Client Benefits

•  Enhanced flexibility: Stablecoins are now available as an additional payment option, giving clients greater freedom in how they settle invoices with Powertranz.

•  Improved payment efficiency: Stablecoin settlements are faster and more streamlined than traditional methods, particularly for cross-border payments where delays and currency conversion costs have historically posed challenges.

•  Continued innovation: This partnership underscores Powertranz’s commitment to evolving alongside the needs of merchants and the broader global payments ecosystem, ensuring clients always have access to best-in-class solutions.

About Powertranz

Powertranz is a leading payment gateway powering online and in-store payments for merchants across the Caribbean and Central America. With over 25 years of experience, PCI DSS Level-1 certification, and integrations with banks and shopping carts across the region, Powertranz provides secure, multi-currency payment solutions, tokenization services, and fraud management solutions to more than 10,000 businesses – processing more than 60 million transactions annually. Powertranz is headquartered in Hamilton, Bermuda.

Website: www.powertranz.com

About 1Money

1Money is the first vertically integrated, full-stack infrastructure company providing a unified technology layer across the lifecycle of stablecoins and real-world assets (RWAs). The 1Money ecosystem consists of three synergistic pillars:

1. 1Money Network, a patent-pending Layer-1 blockchain purpose-built to be the fastest, cheapest, and most scalable network for compliant stablecoin and RWA transactions
2. 1Money.com, a licensed and regulated orchestration platform that enables users to receive, buy, sell, convert, send, and custody both stablecoins and fiat currencies domestically and globally; and
3. 1Money Issuance, an institutional-grade “Issuance-as-a-Service” solution that allows partners to launch white-labelled stablecoins for their own customers.

Operating through fully regulated entities and holding more U.S. money-transmitter licenses than most major stablecoin competitors, 1Money combines the rigor of traditional finance with the always-on speed and efficiency of Web3. This foundation enables faster settlement, lower costs, and enterprise-grade compliance, making 1Money the trusted infrastructure layer for global money movement.

Website: www.1money.com

Media Enquiries

Powertranz

Email: [email protected]

Website: www.powertranz.com

CARIBPR WIRE, PHILADELPHIA, Sept. 02, 2025: FreedomPay, the global leader in Next Level Commerce™ technologies, announces the expansion of its world-class payment solution to The Bahamas, a premier destination in the global tourism market.

As the only agnostic payment gateway and global payment orchestration platform, FreedomPay enables seamless, fully integrated payments for hotel chains and resorts around the world. FreedomPay’s industry-leading, pre-integrated network of global hospitality partners delivers exceptional, consumer-focused experiences across every payment scenario.

Already the global leader in the Hospitality industry, serving over 70% of the top hotels in North America, thousands more internationally, and some of the largest global restaurant brands, the expansion into The Bahamas signifies a new milestone in FreedomPay’s commitment to drive digital commerce transformation worldwide.

In a crowded field of hospitality payment technology solutions, FreedomPay stands apart with:

• An open and agnostic platform offering choice of acquirers, processors, hardware and payment technology partners.
• 1,000+ Integration partners including leading POS, PMS, hardware, kiosk, web and mobile providers.
• Unified commerce technology seamlessly connecting back-end systems with guest-facing channels.
• Advanced functionality powering loyalty, data insights, estate management, card services and more.

“FreedomPay is the preferred partner of choice for many of the leading hotel brands around the world, and we’re thrilled to extend our best-in-class Hospitality solution to the hotels, resorts, and restaurant operators of The Bahamas,” said Chris Kronenthal, President of FreedomPay.

FreedomPay is the only provider offering streamlined payment orchestration tailored to the top names in Hospitality systems. With access to a robust library of over 1,000 integrations, hotel & resort operators can choose the ideal solution to fit their needs. This approach optimizes various selling scenarios while delivering a unified payments technology platform that is simple to implement, manage, and monitor.

ABOUT FREEDOMPAY

FreedomPay is the global leader in Next Level Commerce™—transforming the way businesses power payments and experiences across the world. More than a payment solution, FreedomPay is a world-class independent payment gateway engineered to simplify complexity, break down the barriers of legacy systems, and revolutionize every point of interaction—whether in-store, online, or mobile. Chosen by the leading brands across retail, hospitality, sports and entertainment, food service, healthcare and higher education, FreedomPay delivers technology strength, integration breadth, and deep expertise in global payments innovation.

As one of the first solutions in North America validated by the PCI Security Standards Council for P2PE, FreedomPay sets the gold standard for payment security, trust, and performance. With a unified technology stack, lightning-fast APIs, and integrated solutions across payments, FreedomPay gives businesses total peace of mind plus the freedom to choose any hardware provider. Move faster, act smarter, and lead markets—not chase them. www.freedompay.com

CARIBPR WIRE, MIAMI, FL, Weds. July 10, 2024: Datapro, a leading provider of core banking systems and digital solutions, recently collaborated with Mastercard to expand the integration of Mastercard Cross-Border Services, a solution within the Mastercard Move portfolio of money transfer solutions. The collaboration will provide Datapro’s customers throughout Latin America and the Caribbean with access to fast, transparent, and convenient cross-border payment experiences.

Increasingly, consumers are looking for ways to send money across the globe quickly and securely. In fact, delivery speed, security, receipt confirmation and the ability to use an app are the top factors driving choice of online solutions, according to Mastercard’s latest Borderless Payments Report. To accelerate innovation and respond to consumer needs, Datapro removes the technical barriers to implementation that financial institutions may currently face when adopting new payment solutions.

“We are incredibly excited to collaborate with Mastercard in order to bring new digital payment solutions to customers across the region,” said Ignacio Blanco, CEO of Datapro. “Datapro has a solid track record of success within Latin America and the Caribbean for more than 45 years. This collaboration is a strong testament to Datapro’s ongoing commitment to supporting financial institutions in driving innovation and providing impactful digital solutions to their customers.”

Mastercard Cross-Border Services enables participating financial institutions across the world to offer their customers international payments in more than 60 currencies to over 100 markets covering 90% of the world’s population. As part of the Mastercard Move portfolio, the service offers users flexibility in how funds are received with full transparency and predictability over transaction status and delivery time. End points can include bank accounts, mobile wallets, cards, and cash payout locations.

“As the global economy evolves, people should be able to move money however they want and whenever they want. This requires an enhanced suite of services to ensure funds move quickly, seamlessly, and safely. By connecting Datapro’s platform to Mastercard Cross-Border Services, their customers will have access to seamless cross-border transfers underpinned by the reliability of the Mastercard network”, said Walter Pimenta, Executive Vice President, Commercial Payments and New Flows, Latin America and the Caribbean.

The collaboration will be effective across Latin America and the Caribbean, where Datapro will expedite the integration process for financial institutions with Mastercard’s Cross-Border Services. The collaboration features advanced data integration, business rule management, and API orchestration for financial institutions. This approach provides an agile and streamlined implementation, removing the common hurdles of technical integration and lengthy onboarding processes.

About Datapro Inc.
Datapro is a leader in core banking and digital banking technology, with more than 100 customers in over 20 countries. Our vision is to be recognized as the architects of the banking evolution towards a digital world. We have been helping financial institutions across Latin America, the Caribbean, the US and the EU for the past 45 years to modernize their infrastructure and to deliver innovative digital solutions to their customers. In 2021, Datapro was acquired by Vencora, which is part of Constellation Software Inc. (CSU – TSE).

About Mastercard (NYSE: MA)
Mastercard is a global technology company in the payments industry. Our mission is to connect and power an inclusive digital economy that benefits everyone, everywhere by making transactions safe, simple, smart and accessible. Using secure data and networks, partnerships and passion, our innovations and solutions help individuals, financial institutions, governments and businesses realize their greatest potential. With connections across more than 210 countries and territories, we are building a sustainable world that unlocks priceless possibilities for all.

Mastercard and the circles design are registered trademarks of Mastercard International Incorporated. © 2024 Mastercard. Cross-Border Services (part of the money movement portfolio known as Mastercard Move) may be provided by Mastercard Transaction Services Corp. through its subsidiaries and affiliates. In some jurisdictions services may be provided by subsidiaries or affiliates that hold licenses to engage in money transmission. For a list of those jurisdictions, see b2b.mastercard.com/licenses. Terms and conditions apply.

Services are subject to availability and certain restrictions, and Mastercard reserves the right to change, from time to time, in Mastercard’s sole discretion, the design, operation and functionalities of, and services comprising, the Cross-Border Services. Alternate designs, operations and functionalities of, and services comprising, Cross-Border Services may be available, from time to time, to participants on separate terms outside of what is represented here. The availability, operations and functionalities of, and services comprising, Cross-Border Services may vary by location.

Mastercard makes no representations as to any aspect of the service provided by third parties.​

Mastercard Cross-Border Services is a suite of products offered in the US by Mastercard Transaction Services (US) LLC u/a/n New York Bay Remittance, NMLS ID# 900705, licensed as a Money Transmitter by the New York State Department of Financial Services, or through its licensed subsidiaries.

About Mastercard Move
Mastercard Move provides banks, non-bank financial institutions, direct disbursers, and their customers with a fast, secure money transfer solution, domestically and internationally. The portfolio reaches more than 180 countries and 150+ currencies, with access to over 95% of the world’s banked population.

Mastercard Move enables customers to enhance their money transfer offerings and maximize revenue by giving end users transparency and choice: specifically, by enabling trackable payments, visibility of fees, estimated delivery times and, depending on the market, the option to receive payouts to bank accounts, digital and mobile wallets, card and cash.

The portfolio includes Mastercard Cross-Border Services and Mastercard Send.

Copyright © 2024

Datapro y Mastercard se unen para ampliar las oportunidades de pagos transfronterizos en América Latina

CARIBPR WIRE, MIAMI, FL, Weds. July 10, 2024: Datapro, proveedor líder de sistemas bancarios centrales y soluciones digitales, colaboró ​​recientemente con Mastercard para ampliar la integración de Mastercard Cross-Border Services, una solución dentro del portafolio de soluciones de transferencia de dinero de Mastercard Move. La colaboración permitirá a los clientes de Datapro en toda América Latina y el Caribe acceder a experiencias de pago transfronterizas y nacionales rápidas, transparentes y convenientes.

Cada vez más, los consumidores buscan formas de enviar dinero a través del mundo de manera rápida y segura. De hecho, la velocidad de entrega, la seguridad, la confirmación de recibo y la posibilidad de utilizar una aplicación son los principales factores que impulsan la elección de soluciones en línea, según el último Informe de Pagos sin Fronteras de Mastercard. Para acelerar la innovación y responder a las necesidades de los consumidores, Datapro elimina las barreras técnicas de implementación a las que las instituciones financieras pueden enfrentarse actualmente al adoptar nuevas soluciones de pago.

“Estamos increíblemente entusiasmados de colaborar con Mastercard con el fin de llevar nuevas soluciones de pago digital a los clientes de toda la región”, mencionó Ignacio Blanco, CEO de Datapro. “Datapro tiene una sólida trayectoria de éxito en América Latina y el Caribe desde hace más de 45 años. Esta colaboración es un fuerte testimonio del compromiso continuo de Datapro de apoyar a las instituciones financieras para impulsar la innovación y ofrecer soluciones digitales impactantes a sus clientes”.

Con los Mastercard Cross-Border Services las instituciones financieras participantes en todo el mundo pueden ofrecer a sus clientes pagos internacionales en más de 60 divisas y más de 100 países que cubren el 90% de la población mundial. Como parte del portafolio de Mastercard Move, el servicio ofrece a los usuarios flexibilidad en cómo se reciben los fondos, con total transparencia y previsibilidad sobre el estado de la transacción y el tiempo de entrega. Los puntos finales pueden incluir cuentas bancarias, cuentas bancarias, billeteras digitales, tarjetas y efectivo.

“A medida que evoluciona la economía mundial, la gente debe poder mover dinero como quiera y cuando quiera. Esto requiere un conjunto de servicios mejorados para garantizar que los fondos se muevan de forma rápida, fluida y segura. Al conectar la plataforma de Datapro a Mastercard Cross-Border Services, sus clientes tendrán acceso a transferencias transfronterizas sin interrupciones respaldadas por la confiabilidad de la red Mastercard”, comentó Walter Pimenta, vicepresidente ejecutivo de Pagos Comerciales y Nuevos Flujos para América Latina y el Caribe.

La colaboración será efectiva en toda América Latina y el Caribe, donde Datapro agilizará el proceso de integración de las instituciones financieras con los servicios de Mastercard Cross-Border Services. La colaboración incluye integración avanzada de datos, gestión de reglas de negocio y orquestación de API para instituciones financieras. Este enfoque proporciona una implementación ágil y simplificada, eliminando los obstáculos comunes de la integración técnica y los largos procesos de incorporación.

Copyright © 2024

KINGSTON, Jamaica, April 29, 2024 /PRNewswire/ — In its continued thrust to improve financial inclusion and expand remittance services to Jamaicans across the world, VM Money Transfer Services (VMTS) has entered a strategic partnership with TerraPay, a global money movement organization.

VMTS facilitates money transfer services globally to customers sending money to Jamaica from Europe, the UK, United States, Canada, the Cayman Islands and Turks and Caicos. With this new agreement, VMTS now gains access to TerraPay’s robust online platform, enabling hassle-free cross-border transfers for customers sending and receiving money across approximately 31 markets globally.

CEO of VM Money Transfer Services Limited, Michael Howard, welcomes the boost that this partnership will bring to the agency’s operations. He shared, “Purposeful partnership is an integral part of VM Money Transfer’s mission as we seek to continuously improve service delivery to our clients. We are excited about this recent collaboration as, with TerraPay’s extensive network, we have the opportunity to significantly broaden our reach and potentially tap into new markets, all while keeping our clients supported and empowered with convenient and secure channels for their money transfer needs.”

The agreement was signed between the two entities in March 2024, and Juan Luis Hernandez, TerraPay’s Senior Regional Manager for Latin America and the Caribbean, who visited Jamaica for the occasion, shares the enthusiasm. Hernandez commented, “We are delighted to partner with VM Money Transfer Services to drive innovation and efficiency in cross-border remittances. Together, we aim to provide a superior remittance experience for Jamaicans worldwide, strengthening connections with their loved ones and contributing to the economic development of Jamaica.”

Along with the expanded service through TerraPay, VMTS customers can continue to enjoy the flexibility and convenience of having their funds deposited directly to their Jamaican bank account through VMTS’ Direct to Bank Service. Clients can also collect their remittances in Jamaica from VM Money Transfer’s over 70 sub-agents, 8 VM Money Express locations and 16 VM Building Society branches Islandwide.

For queries, please reach out to Juveria Samrin at [email protected]

About TerraPay:

TerraPay simplifies global money movement – by providing a single connection to the most expansive cross-border payments network regulated in 31 global markets and enabling payments to 144 receive countries, 210+ send countries, 7.5Bn+ bank accounts and 2.1Bn+ mobile wallets. TerraPay is on a mission to connect a borderless financial world, making moving money everywhere instant, reliable, transparent and fully compliant. TerraPay pushes the boundaries for global businesses – ranging from banks, fintechs and money-transfer operators to travel businesses, creator economy platforms and e-commerce marketplaces – while driving financial inclusion in even the most inaccessible markets. Founded in 2014, TerraPay is headquartered in London, with global offices in Bangalore, Dubai, Miami, Bogota, Dar es Salaam, Kampala, Hague, Dakar, Joburg, Nairobi, Milan, Singapore and is expanding rapidly, having received funding from leading investors, including the IFC (the World Bank), Prime Ventures, Partech Africa and Visa.

Logo: https://mma.prnewswire.com/media/1222771/TerraPay_Logo.jpg

CARIBPR WIRE, COCKBURN TOWN, Turks and Caicos, April 23, 2024: We are pleased to announce that CardnPay newest affiliate, Turks and Caicos Banking Company (TCBC), will be issuing new international Mastercard Black and Platinum debit cards starting in April 2024.

The Mastercard Black and Platinum Debit Cards represent the pinnacle of sophistication and functionality, designed to cater to the discerning needs of individuals seeking superior payment experiences. With their sleek designs and advanced security features, these cards epitomize excellence in banking and elevate the standard of financial services in the region.

“We are thrilled to collaborate with TCBC in bringing the Mastercard Black and Platinum Debit Cards to the Turks and Caicos Islands,” said Mr. Barry Walsh, President of CardnPay Limited. “This partnership allows us to combine our expertise in payment processing with TCBC’s commitment to innovation, delivering unmatched value and convenience”.

“Turks and Caicos Banking Company is excited to launch Mastercard Black and Platinum Debit Card in partnership with CardnPay Limited”, said Mr. David Bee, Chief Executive Officer at TCBC. “This collaboration allows us to leverage our expertise in financial services and CardnPay’s cutting-edge payment processing technology to offer a truly elite banking experience.”

TCBC (www.turksandcaicos-banking.com) is a private Bank focused on efficient and convenient customer service. Established in 1980, Turks & Caicos Banking Company has been evolving alongside the Turks and Caicos Islands.

CardnPay Ltd. (www.cardnpay.com) is a wholly owned subsidiary of Bevertec CST Inc. and a Mastercard principal member. The company offers a Mastercard Affiliate Program to financial service providers in the Caribbean. The program comprises Mastercard licensing, card issuing, ATM acquiring, 3D Secure, Tokenization, payment processing and other value-added services on a subscription basis. For more information please contact:

Nathaly Gutierrez
Business Development Manager
[email protected]
Canada: Office : +1 416 695 7525 x2268

CardnPay y Turks and Caicos Banking Company lanzan tarjetas de débito Mastercard Black y Platinum en las Islas Turcas y Caicos

CARIBPR WIRE, COCKBURN TOWN, Islas Turcas y Caicos, April 23, 2024: Nos complace anunciar que la nueva filial de CardnPay, Turks and Caicos Banking Company (TCBC), emitirá nuevas tarjetas de débito internacionales Mastercard Black y Platinum a partir de abril de 2024.

Las tarjetas de débito Mastercard Black y Platinum representan el pináculo de sofisticación y funcionalidad, diseñadas para satisfacer las necesidades más exigentes de personas que buscan experiencias de pago superiores. Con sus diseños elegantes y funciones de seguridad avanzadas, estas tarjetas ejemplifican la excelencia en la banca y elevan el estándar de los servicios financieros en la región.

“Estamos encantados de colaborar con TCBC para llevar las tarjetas de débito Mastercard Black y Platinum a las Islas Turcas y Caicos”, dijo el Sr. Barry Walsh, presidente de CardnPay Limited. “Esta asociación nos permite combinar nuestra experiencia en procesamiento de pagos con el compromiso de TCBC con la innovación, ofreciendo valor y conveniencia inigualables”.

“Turks and Caicos Banking Company se complace en lanzar la tarjeta de débito Mastercard Black y Platinum en asociación con CardnPay Limited”, dijo el Sr. David Bee, director ejecutivo de TCBC. “Esta colaboración nos permite utilizar nuestra experiencia en servicios financieros y la tecnología de procesamiento de pagos de vanguardia de CardnPay para ofrecer una experiencia bancaria verdaderamente de élite”.

TCBC (www.turksandcaicos-banking.com) es un banco privado centrado en servicio al cliente eficaz y conveniente. Establecida en 1980, Turks & Caicos Banking Company evoluciona junto con las Islas Turcas y Caicos.

CardnPay Ltd. (www.cardnpay.com) es una subsidiaria de propiedad integral de Bevertec CST Inc. y miembro principal de Mastercard. La empresa ofrece un Programa de Afiliados de Mastercard para proveedores de servicios financieros en el Caribe. El programa incluye licencias de Mastercard, emisión de tarjetas, adquisición de cajeros automáticos, 3D Secure, tokenización, procesamiento de pagos y otros servicios de valor agregado por suscripción. Para más información comuníquese con:

Nathaly Gutiérrez
Gerente de desarrollo de negocios
[email protected]
Canadá: Oficina: +1 416 695 7525 x2268

Click Here for More Information »

With Finastra Essence, the bank is well-positioned to deliver an enhanced customer experience, stay ahead of the competition, and address regulatory changes

LAKE MARY, Fla., April 22, 2024 /PRNewswire/ – Finastra, a global provider of financial software applications and marketplaces, announces that British Caribbean Bank Limited (BCB), a Turks and Caicos-based financial institution offering international bank accounts and customized loan options, has selected Finastra Essence, deployed on Microsoft Azure cloud, to modernize its core and transform its back-office operations. The move enables increased readiness for regulatory changes and positions the bank for continued growth.

BCB’s selection of Essence provides the bank with the modern capabilities, open APIs, and cloud functionality needed to better compete in the market and simplify payment regulatory changes in Turks and Caicos. The core solution’s agile, cloud-based technology, combined with Finastra’s broad and deep banking functionality, makes it simple and streamlined for BCB to adapt quickly and efficiently, while also enabling increased connectivity to third-party partners for an enhanced customer experience.

“To transform our core and enhance our operations, we needed an innovative partner to provide the expertise and tech stack required to complete our modernization journey,” said Marcus Samuel, Managing Director at British Caribbean Bank Limited. “Finastra Essence helps us go above and beyond by positioning our team to deliver both an enhanced customer experience and innovative products, all while being agile and quick to market as we grow.”

The move delivers new efficiencies for BCB. By modernizing its core, the bank can now benefit from a simplified back-office, reducing costs and increasing productivity for its team.

Essence, a cloud-first, next-generation banking solution that combines sophisticated functionality and advanced technology to increase enterprise agility, is seeing increased presence in the Caribbean. Its deep retail and commercial banking functionality enable financial institutions around the world to quickly adapt to local needs while rapidly deploying market-leading products and services.

“Finastra is pleased to see Essence growing in the Caribbean and across the Americas, as more financial institutions are seeking core solutions that support digital transformation through increased agility, the cloud, and connectivity to the financial ecosystem,” said Siobhan Byron, EVP, Universal Banking at Finastra. “Our continued and enhanced partnership with BCB and its affiliates provides the bank with the resources and support it needs to grow, thrive, and adapt to an ever-evolving financial services landscape.”

About Finastra
Finastra is a global provider of financial software applications and marketplaces, and launched the leading open platform for innovation, FusionFabric.cloud, in 2017. It serves institutions of all sizes, providing award-winning software solutions and services across Lending, Payments, Treasury & Capital Markets and Universal Banking (Retail, Digital and Commercial Banking) for banks to support direct banking relationships and grow through indirect channels, such as embedded finance and Banking as a Service. Its pioneering approach and commitment to open finance and collaboration is why it is trusted by over 8,000 institutions, including 45 of the world’s top 50 banks. For more information, visit finastra.com

North American headquarters
744 Primera Boulevard
Suite 2000
Lake Mary, FL 32746
United States

Logo - https://mma.prnewswire.com/media/1916021/FINASTRA_Logo.jpg

MONTREAL, Jan. 15, 2024 /PRNewswire-HISPANIC PR WIRE/– Equisoft, a leading global digital solutions provider to the financial industry, is pleased to announce the opening of its new office in Trinidad, Port of Spain. This is Equisoft’s tenth international office and marks an exciting milestone for the company as it celebrates its 30^th anniversary.

This expansion reinforces the company’s position as a pioneer in digital transformation solutions for the financial services industry. Equisoft has been a major technology provider to insurers in the Caribbean since 2012. Equisoft’s work with close to twenty insurers in the region created the need for the new office to get closer to the market and customers and to address surging demands in the Caribbean.

This office location will provide optimal service to Equisoft’s current customers and position them to effectively meet the growing demand in the Caribbean.

“As we celebrate Equisoft’s 30^th anniversary, the opening of our new office in Port of Spain, Trinidad, stands as a testament to our commitment to innovation and client satisfaction. This expansion is a milestone for us and underscores our dedication to meeting the evolving needs of our clients and the industry” said Ruben Veerasamy, Equisoft Senior Vice President, Caribbean.

The new office is located at 11-13 Victoria Avenue, 2nd. Floor, Port of Spain, Trinidad.

About Equisoft

Founded in 1994, Equisoft is a global provider of advanced insurance and investment digital solutions. Recognized as a valued partner by over 250 of the world’s leading financial institutions, Equisoft offers a complete ecosystem of solutions, from innovative front-end applications to extensive back-office services and unique data migration expertise. The firm’s flagship solutions include SaaS policy administration, CRM, financial needs analysis, financial planning, asset allocation, fund and portfolio analysis, quotes and illustrations, electronic application, agency management systems, as well as customer, agent and broker portals. With its business-driven approach, deep industry knowledge, innovative technology, and multicultural team of experts based in North America, the Caribbean, Latin America, Europe, Africa, Asia and Australia, Equisoft helps its clients tackle any challenge in this era of digital disruption. For more information, please visit www.equisoft.com.

Photo - https://mma.prnewswire.com/media/2317453/Equisoft_Inc__Equisoft_s_Global_Presence_Expands_with_the_Openin.jpg

This agreement will focus on enabling intra and inter regional payments and expanding financial inclusion in the Caribbean.

CARIBPR WIRE, Miami, Florida, Mon. June 12th, 2023 – Mastercard, a global technology company in the payments industry, has announced the signing of a Memorandum of Understanding (MoU) with the Caribbean Association of Banks Inc (CAB), the representative body and recognized voice for banks and other financial institutions in the Caribbean.

The partnership’s central objective is to enable cross-border payments across all CAB member jurisdictions, as a powerful tool to tend to the region’s unbanked and underbanked populations and bolster financial inclusion and economic growth. As part of its commitment, Mastercard will activate its technology, resources, and expertise to help banks successfully integrate this innovative solution into their product offerings, as well as share its knowledge and educational platforms to raise awareness among citizens and small business owners on the benefits of this service and other digital financial tools that can help them reach their fullest potential and improve their living standards.

Mayra Vivacqua, Cluster Lead for Mastercard Caribbean (West & Dutch, Jamaica & East Caribbean, and Puerto Rico), said “We are thrilled to enter into this partnership with the Caribbean Association of Banks Inc, which will drive the region’s digitalization and offer customers across various sectors, including consumers, SMEs, government agencies, B2B, and commercial entities, a safer, easier, and more convenient way of transferring money across borders. The knowledge and data we will leverage from this collaboration will enable us to advance financial inclusion and stimulate economic growth in the Caribbean region.”

Mastercard Cross-Border Services help banks modernize and optimize their global payments business to deliver an experience for people and businesses that is secure, seamless, and certain. Ultimately, the collaboration between Mastercard and the Caribbean Association of Banks Inc will provide unbanked and underbanked populations in the English Caribbean access to modern financial services, allowing them to enjoy the benefits of the digital economy and providing them with priceless payment experiences.

“I am profoundly satisfied at the successful execution of this Memorandum of Understanding. Cognizant of the immense challenges faced by the region, concerning intra and inter regional payments, primarily as a result of the onslaught of de-risking activity, this is certainly a step in the right direction and exemplifies the tireless efforts of the CAB to identify innovative solutions to the challenges of present”, stated Wendy Delmar, Chief Executive Officer of the Caribbean Association of Banks Inc. “The CAB acknowledges the increasing costs and complexity related to the transfer of funds among jurisdictions and is pleased to provide an option to the public via our member banks that is cost efficient and underpinned by the adoption of technology”, she added.

This partnership is part of Mastercard’s commitment to offering solutions that respond to specific market needs, benefiting millions of people in the Caribbean and taking a significant step towards achieving financial inclusion in the region.

***

About Mastercard (NYSE: MA) www.mastercard.com

Mastercard is a global technology company in the payments industry. Our mission is to connect and power an inclusive, digital economy that benefits everyone, everywhere by making transactions safe, simple, smart, and accessible. Using secure data and networks, partnerships, and passion, our innovations and solutions help individuals, financial institutions, governments, and businesses realize their greatest potential. With connections across more than 210 countries and territories, we are building a sustainable world that unlocks priceless possibilities for all.

EDITOR’S NOTE: A photo for use with this story is available HERE

PHOTO CAPTION: L-R: Mayra Vivacqua, Cluster Lead for Mastercard Caribbean (West & Dutch, Jamaica & East Caribbean, and Puerto Rico and Wendy Delmar, Chief Executive Officer of the Caribbean Association of Banks Inc.