Business
WORLD | Dec 30, 2024

WiPay Remittance bridges gap for international payments across T&T and wider Caribbean

/ Our Today

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Aldwyn Wayne, founder and CEO of the WiPay Group, holding a WiPay smart terminal at the launch of the WiPay Remittance at the Radisson Hotel in Grenada. (Photo: Contributed)

Freelancers, businesses, and eCommerce entrepreneurs across Trinidad and Tobago—and soon the wider Caribbean—can now access their international payments with ease, thanks to WiPay Remittance.

For years, PayPal users faced frustrating barriers to retrieving funds locally, requiring workarounds like overseas bank accounts or third-party cards.

Now, through a partnership with international payment gateways and money transfer companies, WiPay Remittance offers a simple solution: Transfer funds directly to local bank accounts in TTD. Collect cash at one of WiPay’s Miguel Moses cashout locations in Port of Spain, Arima, and Chaguanas, with plans to expand across the Caribbean.

This innovation not only solves a major challenge for PayPal users but also opens doors for more individuals and businesses to thrive in a globally connected economy. Users who have PayPal website plugins, or PayPal Accounts, can simply sign up for XOOM (Powered by PayPal) and select Trinidad and Tobago and send money.

Expanding Beyond PayPal

WiPay Remittance is just getting started. The service’s vision extends far beyond PayPal, with plans to enable payouts from a wide range of eCommerce and international payment platforms. By addressing the needs of freelancers, businesses, and gig workers who rely on USD payment processing, WiPay is positioning itself as the region’s leader in international peer-to-peer payouts.

Bridging the Gap for eCommerce and Freelancers

This development marks a significant shift in how individuals and businesses across Trinidad and Tobago connect with the global economy. Whether you’re an entrepreneur managing online sales or a freelancer working with international clients, WiPay Remittance makes it easier to collect payments locally.

With its expanding cashout network and direct-to-bank capabilities, WiPay Remittance offers unmatched convenience and flexibility for users looking to access their earnings in TTD.

Not Just Another Remittance Service

WiPay Remittance is more than a traditional remittance provider. It is an international peer-to-peer payout specialist, leveraging technology to bring innovative solutions to users across the region. With plans for regional expansion, the service offers:

  • Direct-to-bank transfers for instant access to funds.
  • Cash pickups at Miguel Moses locations, with more cashout points coming soon.
  • Payments to COLOUR App accounts, providing additional flexibility for users.

A Regional Vision for Financial Inclusion

“This milestone reflects the WiPay Group’s commitment to reshaping the financial landscape across its territories, which include Trinidad and Tobago, Jamaica, Barbados, Guyana, and Ghana. With a focus on enabling cross-border payments and fostering economic participation, WiPay Remittance is connecting local economies to the global marketplace like never before,” the company said.

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