WiPay
 | A major contributor to this article appears to have a close connection with its subject. (April 2021) |
| Company type | Private |
|---|---|
| Industry | |
| Founded | 2016 |
| Founder | Aldwyn Wayne Jnr. |
| Headquarters | |
Area served | Trinidad Barbados Saint Lucia Jamaica Guyana |
| Services |
|
| Website | wipaycaribbean |
| Footnotes / references [1] | |
WiPay is a Caribbean-based payment facilitation company that provides the infrastructure necessary for sub-merchants to begin accepting credit card payments. The company aggregates payments by onboarding sub-merchants through the provision of financial technologies needed to process electronic payments and receive funds.[2] In September, 2019, MasterCard announced its partnership with WiPay to advance electronic payments across the Caribbean. As a MasterCard Principal Partner, Wipay is also the Caribbean's only licensed Payment Facilitator (PAYFAC) on both MasterCard and Visa Networks. [3] [4][5] WiPay offers Credit Card Processing, Website Plugins through application programming interfaces (APIs), Peer-to-Peer Transfers, Remittances, Bill Payments, and Government Services.[6][7]
WiPay was founded in 2017 by Trinidadian businessman Aldwyn Wayne, [8] who created an online payment solution for Caribbean users.[9] Aldwyn is a graduate of Georgia Tech Institute and is a leader in Financial Technologies and payment solutions in the Caribbean. In January 2022, Aldwyn launched Colour Bank,[10] a US-Based Neobank for Caribbean and African Diasporas in America. Colour Bank allows Caribbean students in universities across the United States to open bank accounts without a social security number.[11] WiPay, Aldwyn Wayne, and Ted Lucas, CEO of Slip-n-Slide Records, are the majority shareholders of Colour Bank which has a market value of US$75 Million. [12]
Partnerships
In October 2019 Republic Bank acquired 19.99% stake in Nobis Baas Ltd, a subsidiary of WiPay Holdings Limited, for US$10 Million.[13] [14] Republic Bank Holding Limited is the largest bank in the Caribbean. [15][16]
In February 2020, WiPay acquired a partnership stake in South Florida-based, Caribshopper. CaribShopper is an e-commerce solution that gives Caribbean manufacturers a platform to sell and ship locally made products to North America.[17]
See also
- Electronic commerce
- List of online payment service providers
- Payment gateway
- Payment service provider
References
- ^ "WiPay: About page". wipaycaribbean.com.
- ^ "WiPay to revolutionize the way we pay". Loop News. Retrieved 2022-04-15.
- ^ "Find a Payment Facilitaor". MasterCard. Retrieved 2022-04-15.
- ^ "Mastercard, WiPay partner to advance electronic payments across the Caribbean". Newsroom Mastercard. Retrieved 2021-02-09.
- ^ "Mastercard, WiPay Partner to Advance Electronic Payments across the Caribbean". Payments Journal. Retrieved 2020-02-11.
- ^ "Caribbean Ecommerce Is Valued At US$5 Billion, But Online Payments Is Still A Problem". Silcon Caribe. Retrieved 2021-02-12.
- ^ "WiPay, 'PayPal of the Caribbean', soon to be active locally". Guyana Chronicle. Retrieved 2021-02-10.
- ^ "About WiPay". WiPay. Retrieved 2022-09-16.
{{cite web}}: CS1 maint: url-status (link) - ^ "WIPAY E-COMMERCE PAYMENT PLATFORM TO HIT JAMAICAN MARKET". Jamaican Medium. Retrieved 2021-02-10.
{{cite web}}: CS1 maint: url-status (link) - ^ "WiPay CEO Launches US Neobank". Trinidad Express Newspaper. Retrieved 2022-04-15.
- ^ "WiPay Launches Colour Bank". The Jamaica Observer. Retrieved 2022-04-15.
- ^ "WiPay Ceo Establishes Neobank in America". Our.Today. Retrieved 2022-04-15.
- ^ "WiPay, MasterCard roll-out online payment". Trinidad Express. Retrieved 2021-02-09.
{{cite web}}: CS1 maint: url-status (link) - ^ "WiPay Holdings accepts acquisition offer of 19.99% stake in Nobis BaaS by Republic Bank Ltd". The Jamaica Observer. Retrieved 2021-02-09.
{{cite web}}: CS1 maint: url-status (link) - ^ "The Caribbean's biggest financial holding company is getting bigger". Caribbean Business Report. Retrieved 2021-02-15.
{{cite web}}: CS1 maint: url-status (link) - ^ "About Us". Republic Bank Company Profile. Retrieved 2021-02-15.
- ^ "WiPay announces partnership with CaribShopper in Jamaica -tokenised WiPay IPO will reduce costs". The Jamaica Observer. Retrieved 2021-02-09.
{{cite web}}: CS1 maint: url-status (link)
