As reported in the Jamaica Gleaner, WiPay Jamaica, a technology solutions company that simplifies e-commerce, will be going public with a Tokenized IPO on the junior market of the Jamaica Stock Exchange in Q1 2020 - using the Blockstation platform.
WiPay is at the forefront of digital e-commerce, allowing anyone connected to the Internet to move money quickly, safely and easily for both banked and unbanked users.
“WiPay was created in 2016 as a direct result of a persistent problem. The Caribbean faced challenges with digital payments and the lack of financial inclusion for the majority of persons. WiPay developed a uniquely inclusive platform that is secure, flexible and simple to use,” explained Aldwyn Wayne, founder and CEO of WiPay.
For WiPay, going public with a Tokenized IPO through Blockstation will result in lower cost, faster timelines and streamlined workflow at every stage when compared to a legacy IPO:
Wayne made the announcement at the fourth annual Tech Beach Retreat, held recently in Montego Bay, Jamaica.
Today, technology giant Mastercard announced its partnership with WiPay – the Caribbean’s leading fintech company – building on its strategic plan to evolve and develop its presence in the islands.This groundbreaking partnership is prime to reap significant gains for the region. Both companies will collaborate to drive greater financial inclusion in the islands through a suite of payment and acceptance solutions.