Grenada to use WiPay technology for flat grants | Local company
LOCALE fintech company WiPay has brought its payments technology to Grenada and the company is providing technical support to the administration’s Keith Mitchell campaign to launch a digital uniform assistance pilot program.
The pilot program, which was launched in St George’s last Thursday, involves the Grenada government providing grants to 5,000 beneficiaries, who will receive a QR (Quick Response) code sent to cell phones or to their email addresses.
QR codes store recipients’ biodata and photographs on their phones, allowing them to present their phones at participating outlets, which have been fitted with QR code scanners.
The 5,000 beneficiaries will have the opportunity to purchase school supplies from one or more of the 41 companies that have chosen to partner with the administration to facilitate cashless transactions, the program’s launch ceremony said.
Granada Minister in the Prime Minister’s Office responsible for special projects, assistance to the needy and ICT, Pamela Moses, said the QR code will be distributed to recipients in four batches starting August 9 and ending on or around August 30.
“It gives everyone enough time to go and buy their children’s school clothes. It also gives us enough time to rectify and resolve any issues as they arise, ”said Moses.
She said recipients who do not have smartphones or an email address will receive printed copies of the QR codes, which can be used at participating stores.
Moses said the government of Grenada signed a memorandum of understanding with WiPay just before the pandemic and that the digital uniform distribution program is the first in a series.
Grenada Prime Minister’s Office Permanent Secretary Findley Jeffrey said the digital distribution of grants to people in need to purchase school supplies is just the first in a series of projects the government will implement .
“There are a lot of things going on and there are things happening, whether in education, finance, commerce, commerce or health, there are a lot of things in preparation. . So these are really exciting times that we live in, ”Findley said.
WiPay founder Aldwyn Wayne also told the launch ceremony that there was more to come in the company’s partnership with the government of Granada.
This project is part of the Grenadian government assistance to the Education, Empowerment and Development (Seed) program, a social safety net project on the island.
WiPay has been very busy in recent months, signing a deal in June with remittance giant Ria Financial Services, which would expand the company’s digital payments network to more than 150 countries around the world, including locations like Walmart and Kroger.
The agreement would allow money to be transferred from customer to customer and business to business from Ria Financial’s network of 435,000 locations in more than 160 countries to WiPay’s network in the Caribbean.
Ria Financial is the second largest money transfer company in the world after Western Union. Ria Financial has a significant presence in cash collection and money transfers in the region and the agreement adds direct bank deposits in the Caribbean to its network.
In April, the company that created more than 1,000 free e-commerce websites or mobile apps for local small and micro businesses, which resulted in WiPay being documented in the Guinness World Records.
This effort was replicated in T&T with Wayne saying, “We realized there were a lot of people on the ground at T&T who wanted to be part of this revolution, but they just didn’t have a website. So giving them e-commerce payment systems without a website didn’t fill that void. “
Relocation of the head office
In the December 15, 2020 edition, Wayne told Express Business that he plans to leave Trinidad this year.
“I will move the siege to Trinidad. There are a few options, but before the middle of next year we will have our headquarters outside of Trinidad. Definitely, 100% at this point …
“Our developers would remain in Trinidad, but the majority of our work will be done to meet the needs of where we are based. There are countries, central banks and governments that understand that the future of payments is digital. And these countries need solutions and tools to help them operate more effectively, ”said Wayne.
He said that if WiPay was needed more outside Trinidad and Tobago to provide digital services, “we will definitely focus on providing these tools and services where they are needed.”
Asked about the options for moving his headquarters, the founder of WiPay said WiPay already exists in seven Caribbean countries. But if there is a country that needs the company’s non-cash payment solutions more than others, “it is only natural that we are domiciled in that country to facilitate the need.”
Pressed to determine which of the seven countries in which WiPay currently operates looks the most promising as a future location for the company, Wayne said, “It’s definitely between Jamaica and Barbados. Guyana is not bad either.
Asked why he is considering moving the company’s headquarters, he said, “For us, that’s where the need is. The need for WiPay to develop solutions and help a specific market is where we want to be. We want to make sure that we have fast turnaround times, that we can deliver effective solutions and that this demand is what will drive us to have our base of operations in a specific market. These are the conditions that would push us to move.