Search results for : wallets
Kamalame Cay finds success with SandDollar payroll
March 14, 2024
Kamalame Cay finds success with SandDollar payroll
NASSAU, BAHAMAS — On many of the family islands where there is limited to virtually no commercial banking presence, businesses are turning to approved digital payment solutions providers and utilizing the SandDollar as a means to quickly, safely, and efficiently process payroll and make necessary purchases. Portland Bain, Chief Financial Officer at Kamalame Cay, who [...]
Central Bank shares Consumer Affairs concerns over "discriminatory" point of sale practices
February 16, 2024
Central Bank shares Consumer Affairs concerns over "discriminatory" point of sale practices
NASSAU, BAHAMAS — Central Bank Governor John Rolle yesterday underscored the regulator's alignment with the Ministry of Consumer Affairs' concerns regarding what he termed 'discriminatory' point of sale practices in exchange rates, signaling potential regulatory action. Governor Rolle, while speaking yesterday at the Global Interdependence Center Conference hosted by the Government and Publi...
Kanoo Pays poised for growth with major announcment to come at upcoming fintech conference
January 23, 2024
Kanoo Pays poised for growth with major announcment to come at upcoming fintech conference
NASSAU, BAHAMAS- Digital payments solutions provider Kanoo Pays is poised for significant expansion opportunities according to its chairman and co-founder who hinted at a major announcement for the company at an upcoming regional fintech conference. Nick Rees, a two-time Olympic swimmer turned fintech entrepreneur, is scheduled to speak at the highly anticipated Fintech Islands conference [...]
December 18, 2023
Sand Dollars in circulation increase to $1.46 million
NASSAU, BAHAMAS — The volume of the Sand Dollar digital currency in circulation increased to $1.46 million as of November, representing an approximately 40 percent increase over the first 11 months of the year, according to the Central Bank. Through September, 117,610 digital wallets were reported to be in use, an increase of 25 percent [...]
November 21, 2023
Salvation Army Red Kettle Drive Launches with $10,000 CIBC FirstCaribbean Donation
Salvation Army volunteers are gearing up to ring the non-profit organization’s iconic bells across New Providence, Grand Bahama and Eleuthera. The hallmark Red Kettle Drive recently launched under the theme ‘Giving Hope Today’ and featured Christmas carols, storytelling and musical performances, along with the campaign’s first donation made by CIBC FirstCaribbean.
November 03, 2023
PM Davis: Proposed Consumer Protection Bill is “a modern legislative framework to protect Bahamian consumers," particularly "the vulnerable among us"
During his Contribution in the House of Assembly, on November 1, 2023, Prime Minister and Minister of Finance the Hon. Philip Davis said that the Consumer Protection Bill (2023) will put in place “a modern legislative framework to protect Bahamian consumers."
Kanoo developing a super app for the Caribbean
October 12, 2023
Kanoo developing a super app for the Caribbean
Kanoo Pays is developing a "super app" for the Caribbean that will be able to handle multiple currencies and hold all of a user's financial information, Central Bank Digital Currencies (CBDC) and cryptocurrencies, the company's Chairman and co-founder Nicholas Rees said yesterday.
October 12, 2023
PM: Bahamas will continue to be a pioneer in the digital assets sector
NASSAU, BAHAMAS — Prime Minister Davis says that The Bahamas will maintain its pioneering role in the digital asset sector. He emphasized that the nation's success hinges on establishing a robust and stable regulatory framework within a rapidly evolving landscape. During his opening speech at the D3 Bahamas conference held at the Atlantis, Paradise Island [...]
September 29, 2023
International Culture, Wine & Food Festival has got next
International Culture, Wine & Food Festival (ICWFF) organizers are readying to stage the 26th annual International Culture, Wine & Food Festival with a salute to The Bahamas' 50th anniversary.
September 29, 2023
Central Bank targets banks in Sand Dollar adoption strategy
The Central Bank of The Bahamas (CBOB) is preparing to engage the commercial banks more actively in order to boost Sand Dollar adoption, given that the commercial banks already have strong relationships with customers and merchants, CBOB Governor John Rolle said yesterday.
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