Wi­Pay, the lead­ing pay­ment so­lu­tion in the Caribbean, on Tues­day an­nounced the in­tro­duc­tion of Wi­Pay Re­mit­tance dur­ing an of­fi­cial launch event in Grena­da. The com­pa­ny plans to un­veil the ser­vice in T&T lat­er this year.

In a state­ment, the T&T-born com­pa­ny said the Grena­da launch event marked an im­por­tant mile­stone as the com­pa­ny in­tro­duced the first dig­i­tal wal­let re­mit­tance ser­vice in the East­ern Caribbean, rev­o­lu­tion­is­ing mon­ey trans­fers in the re­gion.

The launch event, held at the Radis­son Ho­tel in Grena­da, re­ceived sig­nif­i­cant at­ten­tion from in­dus­try lead­ers, stake­hold­ers, and guests.

Wi­Pay show­cased the in­no­v­a­tive fea­tures and ben­e­fits of Wi­Pay Re­mit­tance, which will soon be avail­able to in­di­vid­u­als in Grena­da and Trinidad, pro­vid­ing a con­ve­nient and se­cure way to re­ceive funds.

Dur­ing the event, Ald­wyn Wayne, CEO and Founder of Wi­Pay Group, and John Mol­len­thiel, CEO of Wi­Pay Trinidad, said Wi­Pay Re­mit­tance, will bring ad­van­tages to in­di­vid­u­als in Grena­da and Trinidad.

CEO and founder of Wi­Pay Group, Ald­wyn Wayne, said: “This will bring about a sig­nif­i­cant trans­for­ma­tion in the re­mit­tance land­scape of the East­ern Caribbean and Trinidad. Ria is a glob­al leader in the re­mit­tance in­dus­try, with an ex­ten­sive net­work of over 500,000 brick and mor­tar lo­ca­tions across 160 coun­tries. This part­ner­ship will not on­ly have a con­sid­er­able pos­i­tive eco­nom­ic im­pact but al­so save valu­able time for in­di­vid­u­als by elim­i­nat­ing the need for long queues, al­low­ing them more free­dom to pur­sue their de­sired ac­tiv­i­ties.”

Wi­Pay said the adop­tion of wal­let ser­vices in the Caribbean is still rel­a­tive­ly new. Wi­Pay recog­nis­es the im­por­tance of meet­ing users at their lev­el of un­der­stand­ing and ad­dress­ing their spe­cif­ic needs.

Wi­Pay said the com­pa­ny aims to re­de­fine tra­di­tion­al re­mit­tance meth­ods by in­tro­duc­ing a seam­less and cash­less ap­proach. By elim­i­nat­ing the re­liance on phys­i­cal cash han­dling and re­duc­ing wait­ing times, the ser­vice will pro­vide in­di­vid­u­als in Grena­da and Trinidad with im­me­di­ate fund trans­fers di­rect­ly to their Wi­Pay Wal­let, it said.

The so­lu­tion en­hances se­cu­ri­ty and sim­pli­fies the col­lec­tion of mon­ey from senders lo­cat­ed any­where in the world.

Wi­Pay said the of­fi­cial launch of the Wi­Pay Re­mit­tance ser­vice in Grena­da and Trinidad is sched­uled for the third quar­ter of 2023. The prod­uct is in the be­ta test­ing phase and the com­pa­ny is work­ing dili­gent­ly to­wards fi­nal­is­ing all nec­es­sary prepa­ra­tions for a suc­cess­ful and seam­less launch.

“Wi­Pay re­mains com­mit­ted to de­liv­er­ing in­no­v­a­tive and ac­ces­si­ble pay­ment so­lu­tions that stream­line fi­nan­cial trans­ac­tions, save time, and re­duce risk while elim­i­nat­ing ex­ces­sive fees,” said the com­pa­ny.