WiPay Launches In Cayman Islands

• On June 24, WiPay, a Caribbean payment solutions company, launched in the Cayman Islands, according to an interview conducted by WiPay founder and CEO Aldwyn Wayne, who expressed delight about the launch. 
• 'I am excited because of the potential relationship with Digital Cayman and all the government initiatives that they are trying to find a solution for can be solved by our platform,' Wayne said. 
• Of note, Digital Cayman is a public sector body that supports companies seeking to establish a physical presence in the country while empowering the workforce in Cayman to pursue careers in technology and helping to guide regulatory and legislative change. 
• WiPay is positioning itself to fill a void that currently exists in the Cayman Islands in terms of the government's social payments to its population. 
• The largest number of expatriates living in the Cayman Islands were born in Jamaica, as such, this would facilitate an easy transfer of money via WiPay’s settlement network to loved ones back home. Mr. Wayne has stated that the transfer of money from Cayman to Jamaica through WiPay is going to be cheaper and quicker than using a bank transfer or a remittance company.

 (Source: CariCRIS)