Bridgetown, Barbados. October 5, 2022 – Communities across the Caribbean will soon be able to increase their access to empowering financial tools that enable digital payments and cashless transactions. MyCash, a digital wallet that allows people to manage their cash easily, conveniently, and securely, and Mastercard announced their partnership during the 2022 Fintech Islands conference in Barbados.
Recently launched in Jamaica and operating in Haiti as MonCash, MyCash's objective is to ease the pain points for people to access the financial system and take advantage of it.
Available via an app, phone menu and in the future, via the web, the digital wallet has an effortless sign up process. It also features a suite of services that make it very convenient for users to cash in, cash out or hold money, perform transactions between MyCash users and non-users, make bill payments and merchant payments and purchase top ups - all within a secure environment where the users’ data and cash are protected giving optimum peace of mind.
With the purpose of driving people toward financial innovation and bringing them into an era where financial technology is at their fingertips, MyCash is a Caribbean regional product from Digicel Financial Services. Now available in two markets, both MyCash and Mastercard are working on launching in other islands in the region.
"MyCash's launch and our partnership announcement with Mastercard at Fintech Islands in Barbados occurs because, as MyCash, we believe that this event is a catalyst for creating a robust Fintech ecosystem across the region, crucial for its development. We are empowering communities across the Caribbean with the correct tools to help them be financially included so they can evolve and contribute to their country's economic development", said Aniqa Afzal Sandhu, CEO for Digicel Financial Services.
As a Mastercard partner, MyCash will be able to provide digital and physical cards to all its users in every market. It will also support consumers and merchants of all sizes in connecting with the digital economy by enabling them to perform and accept electronic payments.
In addition, Stephen Blewett, Digicel Group COO, commented, “MyCash represents the perfect product to support our customers in a way that we haven’t been able to before. We are empowering communities by giving them access to the proper tools to help them perform easy, convenient and secure daily transactions and support their economic development”.
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