Bahamian Digital Payments Company Island Pay they are expanding to Barbados with over 50,000 in its digital wallet [mobile wallets, Mastercard products, Sand Dollar wallets] from individual, business and government customers.
The four-year-old company makes it easier to pay for goods and services, and send, transfer and receive funds electronically using their mobile phones and other access points. They made the announcement of this Barbadian expansion with the launch of its digital wallet and the first transaction kiosk there.
Through Island Pay Barbados, the public can send and receive funds, pay bills with SurePay and top up with Flow and Digicel smartphones using a digital wallet and physical kiosks at select locations. They can also fund their wallet and withdraw physical money from their Island Pay account at the kiosk.
While Island Pay captured 15 percent of the Bahamian population and wants to do the same in Barbados, it will have to compete with SqueezeCash, which is a peer-to-peer system that is the Caribbean version of Venmo or CashApp, and also the wallet digital mMoneybb.
