Wi­Pay has once again part­nered with the Gov­ern­ment of Grena­da and the coun­try’s Min­istry of Ed­u­ca­tion for its “dig­i­tal grant” pay­ment so­lu­tion. The dig­i­tal grant so­lu­tion would be utilised for the dis­tri­b­u­tion of funds for school uni­forms and sup­plies for the cur­rent school year, which be­gan on Mon­day.

This is the sec­ond year the fin­tech firm has been award­ed the con­tract to pro­vide its 100 per cent dig­i­tal pay­ment so­lu­tion to the Min­istry of Ed­u­ca­tion and by ex­ten­sion the peo­ple of Grena­da.

In a news re­lease, Wi­Pay said the Min­istry would is­sue to grant ben­e­fi­cia­ries a sys­tem-gen­er­at­ed QR code, which would be re­deemable at par­tic­i­pat­ing mer­chants for school sup­plies and uni­forms. This cash­less sys­tem saves the gov­ern­ment mil­lions by elim­i­nat­ing the cost as­so­ci­at­ing with print­ing and mail­ing cheques.

Grena­da’s Min­is­ter of Ed­u­ca­tion, Youth, Sports & Cul­ture, Sen­a­tor David An­drew, ex­pressed his en­thu­si­asm for the pro­gramme, stat­ing: “This year, we are very de­light­ed to present this as­sis­tance in the form of ma­chine-read­able codes, bet­ter known as QR Codes.”

These QR codes, pow­ered by Wi­Pay, of­fer a con­ve­nient so­lu­tion for ac­cess­ing funds that fa­cil­i­tates uni­form and school sup­ply pur­chas­es. The grant, amount­ing to US$2 mil­lion, is in­tend­ed to bol­ster Grena­da’s ed­u­ca­tion sec­tor dur­ing the up­com­ing aca­d­e­m­ic year.

An­drew fur­ther re­marked, “We are very de­light­ed that we are able to work and fur­ther sup­port our Na­tion’s chil­dren, along with all that has been hap­pen­ing by way of tu­ition re­moval and fee re­duc­tions at sec­ondary and pri­ma­ry lev­els. We are hap­py to an­nounce the start of the School Uni­form and School Sup­plies As­sis­tance Pro­gramme.”

Wi­Pay’s chief op­er­at­ing of­fi­cer, John Mol­len­thiel, high­light­ed the tech­nol­o­gy-dri­ven ad­vance­ments achieved through this col­lab­o­ra­tion. “We are tru­ly de­light­ed to be work­ing with the Gov­ern­ment of Grena­da to bring high­er lev­els of con­ve­nience, trans­paren­cy, ac­count­abil­i­ty, and con­trol to the SUAP (School Uni­form As­sis­tance Pro­gram). Our dis­tri­b­u­tion tech­nol­o­gy, per­haps de­scribed as ‘con­trolled flex­i­bil­i­ty,’ is adapt­able to tai­lor grants or ben­e­fits to spe­cif­ic needs. Ad­min­is­tra­tors al­so have a mea­sure of con­trol, en­sur­ing grants are used for their in­tend­ed pur­pose.”

Wi­Pay said its in­volve­ment in grant so­lu­tions em­pha­sis­es its com­mit­ment to sup­port­ing the Caribbean com­mu­ni­ty, par­tic­u­lar­ly dur­ing chal­leng­ing times.

Wi­Pay said the com­pa­ny’s dig­i­tal pay­ment ser­vices pro­vide seam­less and se­cure cred­it, deb­it, and cash pay­ment op­tions.

In re­sponse to the pan­dem­ic, Wi­Pay in­tro­duced the WiCare Dig­i­tal Grant prod­uct and fa­cil­i­tat­ed var­i­ous dig­i­tal grant-based so­lu­tions across sev­er­al Wi­Pay is­land ter­ri­to­ries, re­duc­ing the re­liance on phys­i­cal cash and cash trans­porta­tion.

Wi­Pay grant tech­nol­o­gy has been utilised by NGO’s, State En­ti­ties and Gov­ern­ments en­ti­ties across the Caribbean.

One no­table achieve­ment in­cludes the suc­cess­ful dis­tri­b­u­tion of a JM$4 bil­lion grant pay­out so­lu­tion in Ja­maica, serv­ing more than 40,000 peo­ple in col­lab­o­ra­tion with the Min­istry of Labour and So­cial Se­cu­ri­ty (MLSS) dur­ing the pan­dem­ic.

Lever­ag­ing QR code-based dis­burse­ments, re­cip­i­ents could re­deem funds at var­i­ous mer­chant lo­ca­tions across the is­land, fur­ther un­der­scor­ing Wi­Pay’s track record in ef­fec­tive grant dis­tri­b­u­tion.

This so­lu­tion not on­ly stream­lines the dis­tri­b­u­tion process but al­so ad­dress­es con­cerns re­lat­ed to time, cost, theft, and mis­use of funds. This ini­tia­tive fur­ther high­lights Wi­Pay’s ded­i­ca­tion to pay­ment so­lu­tions that en­hance con­ve­nience, ef­fi­cien­cy, re­dis­tri­b­u­tion of wealth, and fi­nan­cial in­clu­sion.

About Wi­Pay:

Wi­Pay is a lead­ing fin­tech com­pa­ny in the Caribbean, of­fer­ing dig­i­tal pay­ment so­lu­tions that stream­line trans­ac­tions and em­pow­er busi­ness­es and in­di­vid­u­als.

Wi­Pay was found­ed by Point Fortin na­tive, Ald­wyn Wayne and now op­er­ates through­out the Caribbean, in North and South Amer­i­can and in Africa.

Wi­Pay’s in­no­v­a­tive plat­form sup­ports se­cure cred­it, deb­it, and cash pay­ments, fos­ter­ing fi­nan­cial in­clu­sion and en­hanc­ing eco­nom­ic growth across the re­gion.