Search results for : wallets
February 05, 2024
Central Bank reports 20 percent expansion in digital wallet usage in 2023
NASSAU, BAHAMAS — As of December 2023, the number of digital wallets in use totaled 118,955, marking a 20 percent expansion for the year to date, with the circulation of SandDollars increasing just slightly over 60 percent to $1.7 million, according to the Central Bank. The regulator, in its latest update on the Sand Dollar, [...]
December 12, 2023
Man charged with armed robbery, stealing a wallet at gunpoint
A MAN was in custody yesterday after he allegedly robbed someone at gunpoint, taking their wallet containing $300.
September 11, 2023
Sand Dollars in circulation dip as wallet holders increase
The Central Bank of The Bahamas (CBOB) gave an update on its Sand Dollar project, which revealed that the number of Sand Dollars in circulation decreased by slightly less than 20,000 between June and August, while the number of consumer wallets grew by some 5,000. The bank revealed that there is currently $1,076,064.05 of Sand Dollars ...
The post Sand Dollars in circulation dip as wallet hol...
August 04, 2023
Mobile wallet top-ups decline by just over $31 million
NASSAU, BAHAMAS — Mobile wallet top-ups saw a significant decline during the first five months of this year reaching just $7.1 million when compared to $38.4 million during the same period last year. "Comparative mobile payments trends continued to be impacted by the significantly reduced levels of Government transfer payments. Absent these transfers, total wallet [...]
July 11, 2023
Central Bank announces 'facelift' for SandDollar mobile wallet
NASSAU, BAHAMAS — The Central Bank has revealed that the its original SandDollar mobile wallet is undergoing a "facelift" to create a smoother interface and promote a better user experience, with a public release expected in September. In its recent SandDollar update, the regulator noted that during the month of June it continued its SandDollar [...]
May 30, 2023
Central Bank announces technical developments, upgrades for mobile wallet holders
NASSAU, BAHAMAS- The Bank of The Bahamas (BOB) will soon become the latest authorised financial institution (AFI) to begin providing SandDollar wallet services to customers in a targeted and phased rollout according to the Central Bank, with the regulator also revealing technical developments and upgrades for mobile wallet providers. In a recently released public update [...]
Good Samaritan returns lost wallet with $700 in it
January 19, 2023
Good Samaritan returns lost wallet with $700 in it
Amar Pearson, 25, breathed a sigh of relief on Monday when a good Samaritan reached out to say she found his wallet, and the $700 inside. Pearson lost the wallet in the parking lot of Goodman's Bay Beach on Saturday evening. After searching for it on Sunday without luck, he was starting to lose hope. ...
The post Good Samaritan returns lost wallet with $700 in it appeared first on The Nassau Guard...
December 14, 2022
Aliv and Sun Cash launch new digital wallet and loyalty app
Aliv and Sun Cash have officially launched a new wallet called Lotus, that includes payment processing and a loyalty app for both consumers and small businesses. Governor of The Central Bank of The Bahamas (CBOB) John Rolle said the new wallet will continue to expand the digital payments sphere and move the Central Bank to ...
The post Aliv and Sun Cash launch new digital wallet and loyalty app ap...
May 06, 2022
Digital wallet transactions increase fourfold, users up 53%
Digital wallets registered more than $110 million in transactions during 2021, a fourfold increase over the previous year, showing exponential growth in the emerging payments segment. The Central Bank of The Bahamas (CBOB) in its 2021 Annual Report revealed that overall, the total number of e-money users expanded in 2021 by 53 percent to 54,968 personal ...
The post Digital wallet transaction...
Sun Cash's digital wallet users top 50,000
June 23, 2021
Sun Cash's digital wallet users top 50,000
More than 50,000 active users now use Sun Cash's mobile wallet to carry out digital payments, a milestone that means the digital payment provider is getting its platform's services right, the company's Head of Business Development Raymond Smith told Guardian Business yesterday. S
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