(Trinidad Guardian) Technology giant Mastercard has announced its partnership with WiPay, building on its strategic plan to evolve and develop its presence in the Caribbean.
A statement from the company said this “ground breaking partnership” is prime to reap significant gains for the region, noting that both companies will collaborate to drive greater financial inclusion in the islands through a suite of payment and acceptance solutions.
As a part of the partnership, WiPay will:
• Leverage Mastercard’s Bank in the Box solution to empower SMEs through card acceptance. Bank in the Box is an end to end solution for SMEs that do not accept card payments and that are not financially included
• Partner with a local financial institution who will issue a Mastercard prepaid card, to strengthen local digital ecosystems and facilitate seamless, fast, and transparent disbursements of funds for SMEs and citizens.