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.