SunCash bringing cash withdrawals, deposits back to Family Islands

SunCash is bringing cash accessibility back to Family Islands with its fast pay kiosks, that allow users to deposit money directly into their bank accounts, SunCash representative Lori Russell told Guardian Business recently. Russell said the kiosks also allow residents in the areas they are in to pay utility bills and top up their mobile phone accounts. According ...
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Island Pay ending Mastercard program, promises something better

Island Pay is ending its program with Mastercard and migrating to another product, that the company's Managing Director Jeffrey Beckles said will be even better. "Nobody will be disadvantaged," Beckles told Guardian Business yesterday. The company sent a letter to customers advising them that the Mastercard program would end September 30. "We hope this message ...
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Central Bank sending out trained team to improve Sand Dollar uptake

The Central Bank of The Bahamas (CBOB) is set to deploy a team of Sand Dollar ambassadors across New Providence and the Family Islands this month, in its continuing effort to increase the adoption and use of the world's first central bank digital currency (CBDC), a CBOB statement said, adding that there is currently almost $1.1 ...
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BoB added as new SandDollar AFI

As it seeks to expand the adoption of its digital currency SandDollar, Central Bank of The Bahamas (CBOB) revealed last week that Bank of The Bahamas (BOB) is the newest authorized financial institution approved as an authorized financial institution (AFI). In a public update on the digital currency, CBOB also revealed that it has completed ...
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Electronic money service provider transactions down 42 percent

Driven mainly by an end in government pandemic-related payment disbursements, payment activity facilitated by electronic money service providers (EMSPs) dropped more than 42 percent in 2022. The Central Bank of The Bahamas revealed in its just released Annual Report and Financial Statements a further decline in the value of transactions processed across those platforms. This ...
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Kanoo Pays Goes International

UNITED KINGDOM - Digital wallet, Kanoo Pays, taking its services regionally and across the pond. This according to Chairman and Co-founder, Nicholas Rees.

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FAKE GOODS STILL SOLD AT STRAW MARKET DESPITE VENDOR CHARGES

By MEGAN REYNOLDS

Tribune Staff Reporter

mreynolds@tribunemedia.net

FAKE designer bags and purses continue to be sold at almost every straw market stall in downtown Nassau just days after nine Bahamians were charged in the United States with trafficking counterfeit goods.

Gucci, Fendi and Louis Vuitton are among the wide variety of purses, totes and wallets being snapped up by tourists keen to...

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