Andrea Perez-Sobers
Senior Reporter
andrea.perez-sobers@guardian.co.tt
WiPay Group CEO chief executive officer and founder, Aldwyn Wayne, says the regional payments provider has signed a new multi-million dollar, three-year contract with the government of Grenada to digitise payments on the island.
Called GovPay, the agreement came into effect on Thursday with the Ministry of Education, for its book grant programme. GovPay allows the ministry to instantly send money to its citizens to purchase books, online or in store.
In an interview with Guardian Media, Point Fortin-born Wayne said WiPay has a great relationship with all the administrations in Grenada, especially the current one. Entering into this contract for three years is an indication of such.
“So, you know, the misinformed would always be misinformed. My job is to focus on providing the best value that I can to this region. And, the government of Grenada, I know, is very appreciative of the solutions along with the partnerships that we've had over the last couple of years and for the next foreseeable future,” the businessman said.
In explaining how the GovPay platform operates, Wayne said the Government just has to push a button to facilitate citizens who are eligible to get a grant. The money shows up on the recipient's phone, allowing the holder to go to any bookstores to purchase books and school supplies.
“It's kind of a big deal knowing that we built the application, we built the solution, it's been vetted over the last couple of years by different administrations, and now to enter a long-term contract with the government, it's awesome,” Wayne said.
On its website, WiPay states that the grant technology has been utilized by NGO’s, state entities, and government 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) in Jamaica 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.
Also, the payments company said this solution not only streamlines the distribution process, but also addresses concerns related to time, cost, theft, and misuse of funds.