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WiPay comes to T&T

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WiPay comes to T&T

Postby 2ndchance » September 6th, 2017, 5:40 pm

A new company has been launched in T&T which promises to revolutionise the way people pay for goods and services.

WiPay, according to its chief executive officer, Aldwyn Wayne, is an online payment platform which facilitates cash transfers between parties using any smartphone device.

The system essentially replaces cash, with customers and merchants spending and receiving money via the WiPay smartphone app.

Speaking during the launch at Digicel IMAX in Woodbrook yesterday, Wayne explained that the system works as simply as “topping up” phone credit.

Users of the app can visit any National Lotteries and Control Board (NLCB) booth to purchase a WiPay voucher which is then used to top up the app.

The credit can then be used to pay for goods and services at participating stores.

It can also be used to transfer payments to persons across the world as well as to shop online without the use of a credit card.

Wayne said after travelling abroad and seeing similar systems in use, he decided this was a service that would be useful in Trinidad and Tobago.

Currently, he noted, cashless payments in T&T are limited to debit and credit cards but he noted that banks charge fees for point of sale transactions with debit cards, while not everyone has access to a credit card.

However, he said WiPay charges no transfer fees and is convenient as nearly everyone has a smartphone device.

A number of companies have already signed on to implement the payment system, including Unipet, Hubbox Grocery and Massy Stores.

Massy Stores CEO Derek Winford said he hoped the system would be up and running at all branches within one to two months.

Among the benefits of using this cashless system, he said, was reduced lines at the cashier and less waiting time for customers.

Customers would be able to use the WiPay app to scan and pay for up to five items instantly without having to join long lines.

Items would be checked by staff upon exiting the store, he explained.

“It is reinventing the way we pay,” Wayne said.

http://www.trinidadexpress.com/20170904 ... omes-to-tt

WiPay comes to T&T
Published on Sep 4, 2017, 10:00 pm AST
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Re: WiPay comes to T&T

Postby vaiostation » September 6th, 2017, 6:57 pm

I'm sure the banking cartel will deal with this. We know how much they like competition.

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Re: WiPay comes to T&T

Postby OuttaRoad » September 6th, 2017, 7:03 pm

We might actually reach first world status after all.

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Re: WiPay comes to T&T

Postby *$kїđž!™ » September 6th, 2017, 10:18 pm

Nice.....really amazing....we may be heading towards RFID very soon....

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Re: WiPay comes to T&T

Postby 88sins » September 7th, 2017, 6:04 am

I already have enough ways to pay
lemme kno when they come up with a new legal way to not have to pay

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Re: WiPay comes to T&T

Postby whizzard » September 7th, 2017, 6:48 am

88sins wrote:I already have enough ways to pay
lemme kno when they come up with a new legal way to not have to pay


Become part of the government

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Re: WiPay comes to T&T

Postby Monk BANzai » December 2nd, 2019, 9:16 am

anyone here uses Wipay?...i have some questions....

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Re: WiPay comes to T&T

Postby abducted » December 2nd, 2019, 9:26 am

Doing financial transactions can be hard if you don't have a bank account. WiPay, a payment solution company, has introduced two new finance technology (fintech) services into the market that allows those who do not have a bank account to shop online and fill out know your customer forms with ease.

On November 14, WiPay had their WiDay at Hyatt Regency, Port of Spain where they launched their the Rebel Visa Card and announced Republic Bank acquired a 19.99 per cent stake in Nobis Baas – a subsidiary of electronic payments group WiPay Holdings Ltd.

Shopping online used to be impossible without a credit card. To get a credit card, one needed to have a bank account. However, for years, WiPay has worked on bankless payment solutions. Aldwyn Wayne, CEO, acknowledged there were many "unbanked" and "under-banked" people in the country who needed financial inclusion so they created the Rebel Visa card.

To get the Rebel Visa Card a customer can go online and sign up. As soon as they are finished registering they can use it instantly, including shopping online. A person can request a physical card which will take a week to get, and spend at any point of sale machine that Visa is accepted.

For security, the Rebel card has no number in case it is stolen. A person can also use the app to change their card verification value (CVV) and pin. If the card is missing they can freeze it from their app account.

To put money on the card they can visit a WiPay location, and push payments allows people to send money from one Rebel card to another instantly. WiPay has also partnered with insurance company Guardian Group.

Ever wanted to sign up for a service but got told to provide two forms of ID, proof of address, a payslip and more? This information is called know your customer (KYC).

Sasha Thompson, COO of WiPay, introduced the Nobis digital identity platform which allows customers to walk around with all their verified KYC in an app.

"So what if, right here in sweet TT and the Caribbean, all of your KYC information existed in a single, digital identity, which could be captured error free using AI and ICR (intelligent character recognition) tech. ICR by the way is ahead of OCR (optical character recognition), is verified instantly, stored securely, shared intelligently and updated automatically all using cutting edge technology and digital security protocols that would prevent what we are all so worried about: unauthorised access, modification tampering or or loss?" Thomson said.

Nobis digital identity platform can be used for credit unions, insurance companies, investment financial managers, corporations, sales institutions, or any institution, to streamline and simplify customer information. The platform maintains this data in real time. It also alerts users of key document expiration dates well in advance.

"Our technology allows to actually build an accurate and holistic holistic individual profile...Each person has his or her information privately stored and has the ability to digitally share relevant information about themselves with authorised entities who requires that KYC data in order to transact whatever business. And when you sign up on our platform you're actually your digital ID and with that ID, you can share the specifically requested private information on demand," said Thompson.

All a person needs to do is scan their information such as the two forms of ID, proof of address, job letter, pay slip, take a selfie and their data is stored.

The digital ID gives every piece of information a unique identifier that won't change over time. It allows the owner of the data to take control and protect their identity and decide what to share with who and when.

"For this generation, face to face banking will be the exception, not the rule. The ability to mine disparate sources of data, to build up a picture of someone's identity will be increasingly important. Meeting somebody in person in the bank will no longer be a requirement for verifying their identity. This will be a greater move towards building an online profile of beyond their habits and their preferences, really understanding who you are."

https://newsday.co.tt/2019/11/28/wipay- ... out-banks/

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Re: WiPay comes to T&T

Postby Monk BANzai » December 2nd, 2019, 9:30 am

abducted wrote:Doing financial transactions can be hard if you don't have a bank account. WiPay, a payment solution company, has introduced two new finance technology (fintech) services into the market that allows those who do not have a bank account to shop online and fill out know your customer forms with ease.

On November 14, WiPay had their WiDay at Hyatt Regency, Port of Spain where they launched their the Rebel Visa Card and announced Republic Bank acquired a 19.99 per cent stake in Nobis Baas – a subsidiary of electronic payments group WiPay Holdings Ltd.

Shopping online used to be impossible without a credit card. To get a credit card, one needed to have a bank account. However, for years, WiPay has worked on bankless payment solutions. Aldwyn Wayne, CEO, acknowledged there were many "unbanked" and "under-banked" people in the country who needed financial inclusion so they created the Rebel Visa card.

To get the Rebel Visa Card a customer can go online and sign up. As soon as they are finished registering they can use it instantly, including shopping online. A person can request a physical card which will take a week to get, and spend at any point of sale machine that Visa is accepted.

For security, the Rebel card has no number in case it is stolen. A person can also use the app to change their card verification value (CVV) and pin. If the card is missing they can freeze it from their app account.

To put money on the card they can visit a WiPay location, and push payments allows people to send money from one Rebel card to another instantly. WiPay has also partnered with insurance company Guardian Group.

Ever wanted to sign up for a service but got told to provide two forms of ID, proof of address, a payslip and more? This information is called know your customer (KYC).

Sasha Thompson, COO of WiPay, introduced the Nobis digital identity platform which allows customers to walk around with all their verified KYC in an app.

"So what if, right here in sweet TT and the Caribbean, all of your KYC information existed in a single, digital identity, which could be captured error free using AI and ICR (intelligent character recognition) tech. ICR by the way is ahead of OCR (optical character recognition), is verified instantly, stored securely, shared intelligently and updated automatically all using cutting edge technology and digital security protocols that would prevent what we are all so worried about: unauthorised access, modification tampering or or loss?" Thomson said.

Nobis digital identity platform can be used for credit unions, insurance companies, investment financial managers, corporations, sales institutions, or any institution, to streamline and simplify customer information. The platform maintains this data in real time. It also alerts users of key document expiration dates well in advance.

"Our technology allows to actually build an accurate and holistic holistic individual profile...Each person has his or her information privately stored and has the ability to digitally share relevant information about themselves with authorised entities who requires that KYC data in order to transact whatever business. And when you sign up on our platform you're actually your digital ID and with that ID, you can share the specifically requested private information on demand," said Thompson.

All a person needs to do is scan their information such as the two forms of ID, proof of address, job letter, pay slip, take a selfie and their data is stored.

The digital ID gives every piece of information a unique identifier that won't change over time. It allows the owner of the data to take control and protect their identity and decide what to share with who and when.

"For this generation, face to face banking will be the exception, not the rule. The ability to mine disparate sources of data, to build up a picture of someone's identity will be increasingly important. Meeting somebody in person in the bank will no longer be a requirement for verifying their identity. This will be a greater move towards building an online profile of beyond their habits and their preferences, really understanding who you are."

https://newsday.co.tt/2019/11/28/wipay- ... out-banks/


I think Wipay is for Teens.... not for serious persons who are interested in doing Personal Digital Business. Imagine a transaction cap of $3,000TTD... that's under $450 USD per transaction.....ANNNNDDDDDD you have a monthly cap of $10,000 TTD? I cant even buy a proper phone with that cap. And No. I don't want to switch to a Business account.

For an organization that just had Republic Bank buy a 19% stake in their operations....this? Nah...I'm all for Caribbean Digital workaround that are Caribbean honed and shoed....but if we're still at the thought level of ATM withdrawals of the 90's....then how do you expect regional buy in?

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Re: WiPay comes to T&T

Postby l33t2 » December 2nd, 2019, 11:46 am

Monk BANzai wrote:
abducted wrote:Doing financial transactions can be hard if you don't have a bank account. WiPay, a payment solution company, has introduced two new finance technology (fintech) services into the market that allows those who do not have a bank account to shop online and fill out know your customer forms with ease.

On November 14, WiPay had their WiDay at Hyatt Regency, Port of Spain where they launched their the Rebel Visa Card and announced Republic Bank acquired a 19.99 per cent stake in Nobis Baas – a subsidiary of electronic payments group WiPay Holdings Ltd.

Shopping online used to be impossible without a credit card. To get a credit card, one needed to have a bank account. However, for years, WiPay has worked on bankless payment solutions. Aldwyn Wayne, CEO, acknowledged there were many "unbanked" and "under-banked" people in the country who needed financial inclusion so they created the Rebel Visa card.

To get the Rebel Visa Card a customer can go online and sign up. As soon as they are finished registering they can use it instantly, including shopping online. A person can request a physical card which will take a week to get, and spend at any point of sale machine that Visa is accepted.

For security, the Rebel card has no number in case it is stolen. A person can also use the app to change their card verification value (CVV) and pin. If the card is missing they can freeze it from their app account.

To put money on the card they can visit a WiPay location, and push payments allows people to send money from one Rebel card to another instantly. WiPay has also partnered with insurance company Guardian Group.

Ever wanted to sign up for a service but got told to provide two forms of ID, proof of address, a payslip and more? This information is called know your customer (KYC).

Sasha Thompson, COO of WiPay, introduced the Nobis digital identity platform which allows customers to walk around with all their verified KYC in an app.

"So what if, right here in sweet TT and the Caribbean, all of your KYC information existed in a single, digital identity, which could be captured error free using AI and ICR (intelligent character recognition) tech. ICR by the way is ahead of OCR (optical character recognition), is verified instantly, stored securely, shared intelligently and updated automatically all using cutting edge technology and digital security protocols that would prevent what we are all so worried about: unauthorised access, modification tampering or or loss?" Thomson said.

Nobis digital identity platform can be used for credit unions, insurance companies, investment financial managers, corporations, sales institutions, or any institution, to streamline and simplify customer information. The platform maintains this data in real time. It also alerts users of key document expiration dates well in advance.

"Our technology allows to actually build an accurate and holistic holistic individual profile...Each person has his or her information privately stored and has the ability to digitally share relevant information about themselves with authorised entities who requires that KYC data in order to transact whatever business. And when you sign up on our platform you're actually your digital ID and with that ID, you can share the specifically requested private information on demand," said Thompson.

All a person needs to do is scan their information such as the two forms of ID, proof of address, job letter, pay slip, take a selfie and their data is stored.

The digital ID gives every piece of information a unique identifier that won't change over time. It allows the owner of the data to take control and protect their identity and decide what to share with who and when.

"For this generation, face to face banking will be the exception, not the rule. The ability to mine disparate sources of data, to build up a picture of someone's identity will be increasingly important. Meeting somebody in person in the bank will no longer be a requirement for verifying their identity. This will be a greater move towards building an online profile of beyond their habits and their preferences, really understanding who you are."

https://newsday.co.tt/2019/11/28/wipay- ... out-banks/


I think Wipay is for Teens.... not for serious persons who are interested in doing Personal Digital Business. Imagine a transaction cap of $3,000TTD... that's under $450 USD per transaction.....ANNNNDDDDDD you have a monthly cap of $10,000 TTD? I cant even buy a proper phone with that cap. And No. I don't want to switch to a Business account.

For an organization that just had Republic Bank buy a 19% stake in their operations....this? Nah...I'm all for Caribbean Digital workaround that are Caribbean honed and shoed....but if we're still at the thought level of ATM withdrawals of the 90's....then how do you expect regional buy in?


It's because they're not a real bank, it's a glorified prepaid credit card for those who can't get credit cards

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Re: WiPay comes to T&T

Postby 88sins » December 2nd, 2019, 11:58 am

l33t2 wrote:
It's because they're not a real bank, it's a glorified prepaid credit card for those who can't get credit cards


aka, a debit card

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Re: WiPay comes to T&T

Postby MaxPower » December 2nd, 2019, 12:19 pm

l33t2 wrote:It's because they're not a real bank, it's a glorified prepaid credit card for those who can't get credit cards


Yeh so its for sufferers.

Why make it easy and convenient for them?

Let them work harder and qualify for credit cards like everyone else.

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Re: WiPay comes to T&T

Postby pugboy » December 2nd, 2019, 12:23 pm

The transaction cash limits could very well placed by the regulators given the possibility of shady money transfer payments.

Wipay also venturing into contactless payment systems as well.

Our local banks are pretty much in the dinosaur age so they are trying to bridge that gap.

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Re: WiPay comes to T&T

Postby Monk BANzai » December 2nd, 2019, 1:21 pm

pugboy wrote:The transaction cash limits could very well placed by the regulators given the possibility of shady money transfer payments.

Wipay also venturing into contactless payment systems as well.

Our local banks are pretty much in the dinosaur age so they are trying to bridge that gap.


yup. Caribbean Ecommerce is Valued At US$5 Billion, But Online Payments Is Still A Problem....The Death of Caribbean retail...

MaxPower wrote:
l33t2 wrote:It's because they're not a real bank, it's a glorified prepaid credit card for those who can't get credit cards


Yeh so its for sufferers.

Why make it easy and convenient for them?

Let them work harder and qualify for credit cards like everyone else.


did you even read the article? or just typed what was on your mind becuz you were taking a Tewse?

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Re: WiPay comes to T&T

Postby The_Honourable » December 19th, 2020, 11:35 am

We’re going where we are needed

Aldwyn Wayne on why he’s relocating WiPay’s head office:

Image

REGIONAL payment systems powerhouse WiPay is moving its head office out of Trinidad before the middle of next year, its chief executive and founder Aldwyn Wayne said in an interview with Express Business earlier this month.

“I am going to move the headquarters out of Trinidad. There are a couple options, but before the middle of the year next year, we are going to be headquartered outside of Trinidad. Definitely, 100 per cent at this point...

“Our developers would remain in Trinidad, but the majority of our work is going to be done to facilitate the needs of wherever we are headquartered. There are countries, central banks and governments that understand that the future of payments is digital. And those countries require solutions and tools to help them operate in a more efficient way,” said Wayne. He said if WiPay is needed more outside of Trinidad and Tobago to provide digital services “we are definitely going to focus on providing those tools and services where they are needed.”

Asked about the options for the relocation of its head office, WiPay’s founder noted that WiPay exists in seven Caribbean countries already. But if there is one country that requires the company’s non-cash payments solutions more than others, “it makes natural sense for us to be domiciled in that country to facilitate the need.”

Pressed on which of the seven countries WiPay now operates in seems most prospective as the future location of the company, Wayne said: “It’s definitely between Jamaica and Barbados. Guyana is not bad as well.”

Asked to put on the record why he is considering moving the company’s headquarters, he said: “For us, it is where the need is. The need for WiPay to develop solutions and help a specific market is where we want to be. We want to make sure that we have quick turnaround time, that we can deliver efficient solutions and that that demand is what is going to drive us to have our base of operation in a specific market. Those are the conditions that would drive us into relocating.”

Asked if he is relocating the company’s headquarters because the current administration in T&T is not as receptive to WiPay’s ideas as some others in the region, Wayne said: “I have no direct link to the current administration. But what I would tell you is that in Jamaica, we already have an endorsement from the government there. Earlier this year, we had Prime Minister Andrew Holness using our products and saying this was something they are very interested in.”

Wayne’s reference to Jamaican Prime Minister Andrew Holness endorsing WiPay’s products refers to the island’s first cashless farmers’ market in June organised by Jamaica’s New Economy Task Force in collaboration with its Ministry of Agriculture.

At the function, Holness purchased a tray of eggs for J$600 and told the company’s employees: “What you’re doing is very important to change the culture of accepting digital payments. You’ll find that in another ten years or so, cash will be no more.”

During the function, Holness tweeted: “Great to see our first cashless farmers’ market do so well. As with all new advances, there were some early challenges, but with that out of the way, people were spending digitally with our purveyors and farmers.”

The cashless payments system used at the Jamaican farmers’ market was developed by WiPay, which was founded by Wayne in 2016. Also featuring at the farmers’ market were Sagicor Jamaica and NCB Financial Group, the Jamaican financial services company.

The technology executive also pointed out that WiPay’s payments platform is being used or proposed for use by government officials in Grenada and Barbados. The system, which involves loading money value on a QR code that is sent as a text message to a phone, is also in use by Venezuelan migrants living in T&T, through Living Water Community.

“We have a great deal of interest for our solutions throughout the region. And again, if what we are doing is needed in those countries, that’s where we would need to be.”

In T&T, Prime Minister Keith Rowley has promised a digital transformation of the T&T economy within the next five years, with the idea receiving focus in the People’s National Movement 2020 general election manifesto and in the Roadmap to Recovery report.

On the issue of the e-identity and the digitalisation of the country, Prime Minister Rowley, in wrapping up the September 28, 2020, Spotlight on the Budget, said: “That is going to have to happen. But it will happen against a background of an understanding that success requires change. Where there is no change, there will be no success in the kinds of things we are hankering after. And, of course, change would initiate conflict......Expect that there will be resistance to those changes.”

Wayne told Express Business that WiPay, in collaboration with international payments solution company MasterCard, is proposing a digital indentification card using EMV (Europay, MasterCard and Visa) technology for digital identification and disbursements. The solution proposed by WiPay not only serves as a digital ID card, but it also allows ATM withdrawals, point-of-sale purchases, online purchases from TT-dollar vendors, the disbursement of Government social assistance payments as well as application and payment for driver’s permits and passports.

In March this year, Wayne told Express Business that MasterCard made a multimillion, multi-year, multi-country, non-equity investment in WiPay to facilitate the rollout of the card, which is to be called Rebel. Republic Bank, which operates throughout the region, has been lined up as the sponsor of the card and the provider of the Bank Information Number. WiPay will be the programme manager for the Rebel card, which will run on the MasterCard payments network.

Wayne also said WiPay’s listing on the Jamaican Stock Exchange was postponed as a result of the Covid-19 pandemic, but is expected to become a reality next year, once some issues with the proposed blockchain platform are sorted out.

Source: https://trinidadexpress.com/business/lo ... 3a54b.html

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Re: WiPay comes to T&T

Postby stev » December 19th, 2020, 12:10 pm

I'm sure it has nothing to do with Central Bank questioning their PCI-DSS compliance...

/sarcasm

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Re: WiPay comes to T&T

Postby bluefete » December 19th, 2020, 1:35 pm

We like to make things so damn hard in this country for progressive thinkers and innovators.

But when someone else comes along and makes a better offer that is accepted, everybody vex.

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Re: WiPay comes to T&T

Postby MaxPower » December 19th, 2020, 1:51 pm

First row, extreme right.

She have nice eyes.

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Re: WiPay comes to T&T

Postby sMASH » December 19th, 2020, 2:11 pm

Political food for thought statement there

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Re: WiPay comes to T&T

Postby Dohplaydat » December 19th, 2020, 3:35 pm

bluefete wrote:We like to make things so damn hard in this country for progressive thinkers and innovators.

But when someone else comes along and makes a better offer that is accepted, everybody vex.


I'm glad Wipay is here but they need to fix their credit card gateway and customer service. A month ago I paid for a local product using WiPay, money came out my card, but the business never got the money. Wipay said over a month ago the money would be refunded.

After two weeks of no refund I contacted them again, this time they said the transaction was successful and that the business got the money.

The business owner sent me a screenshot showing that the she never got the order. I have done business with her before and she is trustworthy. She said she's told her customers stop paying by WiPay and pay her CoD.

WiPay stopped responding to my emails now.

Money disappear. If I don't get response I will call Scotia and tell them to reverse the charges.

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Re: WiPay comes to T&T

Postby bluefete » December 19th, 2020, 3:57 pm

Dohplaydat wrote:
bluefete wrote:We like to make things so damn hard in this country for progressive thinkers and innovators.

But when someone else comes along and makes a better offer that is accepted, everybody vex.


I'm glad Wipay is here but they need to fix their credit card gateway and customer service. A month ago I paid for a local product using WiPay, money came out my card, but the business never got the money. Wipay said over a month ago the money would be refunded.

After two weeks of no refund I contacted them again, this time they said the transaction was successful and that the business got the money.

The business owner sent me a screenshot showing that the she never got the order. I have done business with her before and she is trustworthy. She said she's told her customers stop paying by WiPay and pay her CoD.

WiPay stopped responding to my emails now.

Money disappear. If I don't get response I will call Scotia and tell them to reverse the charges.


stev wrote:I'm sure it has nothing to do with Central Bank questioning their PCI-DSS compliance...

/sarcasm



I hate to read stories like this. They will learn the hard way that ethics in business is very important.

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Re: WiPay comes to T&T

Postby Monk BANzai » December 20th, 2020, 6:29 pm

Dohplaydat wrote:
bluefete wrote:We like to make things so damn hard in this country for progressive thinkers and innovators.

But when someone else comes along and makes a better offer that is accepted, everybody vex.


I'm glad Wipay is here but they need to fix their credit card gateway and customer service. A month ago I paid for a local product using WiPay, money came out my card, but the business never got the money. Wipay said over a month ago the money would be refunded.

After two weeks of no refund I contacted them again, this time they said the transaction was successful and that the business got the money.

The business owner sent me a screenshot showing that the she never got the order. I have done business with her before and she is trustworthy. She said she's told her customers stop paying by WiPay and pay her CoD.

WiPay stopped responding to my emails now.

Money disappear. If I don't get response I will call Scotia and tell them to reverse the charges.


Let's hope it doesn't take you their version of "3 to 5 business days"...

Their system so inept even AFTER you get the transfer from the account they keep sending you emails saying"Please expect payment to be processed in...." lol

well said.. yes i'm anti-Wipay..... when will they come clean with Aldwyn as being the "black face" of the entity now to attract what is an assumed minority market?

I've only kept the account open with a lil Brokko_dust. becuz other backwarders like TSTT insist on paying vendors for work done via that medium.

but i'm not surprised. Same Juan P. Sants in the background.

WOFB #Brokko.

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Devourment
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Re: WiPay comes to T&T

Postby Devourment » December 20th, 2020, 7:03 pm

Monk BANzai wrote:
Dohplaydat wrote:
bluefete wrote:We like to make things so damn hard in this country for progressive thinkers and innovators.

But when someone else comes along and makes a better offer that is accepted, everybody vex.


I'm glad Wipay is here but they need to fix their credit card gateway and customer service. A month ago I paid for a local product using WiPay, money came out my card, but the business never got the money. Wipay said over a month ago the money would be refunded.

After two weeks of no refund I contacted them again, this time they said the transaction was successful and that the business got the money.

The business owner sent me a screenshot showing that the she never got the order. I have done business with her before and she is trustworthy. She said she's told her customers stop paying by WiPay and pay her CoD.

WiPay stopped responding to my emails now.

Money disappear. If I don't get response I will call Scotia and tell them to reverse the charges.


Let's hope it doesn't take you their version of "3 to 5 business days"...

Their system so inept even AFTER you get the transfer from the account they keep sending you emails saying"Please expect payment to be processed in...." lol

well said.. yes i'm anti-Wipay..... when will they come clean with Aldwyn as being the "black face" of the entity now to attract what is an assumed minority market?

I've only kept the account open with a lil Brokko_dust. becuz other backwarders like TSTT insist on paying vendors for work done via that medium.

but i'm not surprised. Same Juan P. Sants in the background.

WOFB #Brokko.


I don't know much about WiPay as well, but I heard from a friend who runs a business that he has been having a Christmas horror story with his customers who have used WiPay (lost money, broken promises, 6% transaction fee costs).

He also said the CEO or owner is a condescending a$$hole.

Now, I'm not here to bad talk them and I'll give them a chance, but so far their business ethics and practice (from what my friend told me) leaves a lot to be desired.

pugboy
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Joined: September 6th, 2003, 6:18 pm

Re: WiPay comes to T&T

Postby pugboy » December 20th, 2020, 7:12 pm

who are the main users of wipay?

shop/vendors using it as a way to receive funds as a credits card alternative or entities using as a way to send/pay instead of a bank transfer ?

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stev
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Re: WiPay comes to T&T

Postby stev » December 20th, 2020, 10:32 pm

get ready for a TL:DR

there are a lot of these Wipay type businesses out there who all seek to earn a small percentage on each transaction that occurs using their 'network'....and by 'network' I mean a non-regulated, non-compliant, sketchy piece of ebay bought equipment, all running software programmed in a sweatshop in India.....u would think I'm exaggerating :|

There are even payment services out there that uses Wipay's 'platform'....without they even knowing....u can't make this sheit up.

GIFTS out of Barbados is another example that couldn't even enter the game in Trinidad...

Wipay's Affiliate (not principle) membership with Mastercard can be achieved easily by anyone with a good looking business model and a couple thousand USD non-refundable....if u can't keep your promise of getting compliant or meeting all the international standards Mastercard is governed by...well....bye bye affiliate membership after a year and also your invested USD.....also affiliate membership means u are just paying for the logo more or less....u still have to go through a local bank and all their rules / fees :lol:

Who can become an issuing and/Or acquiring licensee of Mastercard?
The Mastercard Rules outline the requirements for participation in the Mastercard scheme. Under Mastercard’s scheme rules, prospective customers may apply to become a Principal or an Affiliate customer.

A Principal customer participates directly in the activities of the Mastercard scheme. Affiliate customers participate indirectly in the activity of the scheme through the Sponsorship of a Principal customer. A Principal customer may sponsor one or more Affiliates, and is responsible for the settlement and other activities of its sponsored Affiliates. An Affiliate customer may not sponsor any other customer.

A financial institution applicant must be regulated and supervised by the Prudential Regulation Authority (PRA), and a license granted by the FCA, prior to applying for and being granted a license to operate under the Mastercard scheme.


https://www.mastercard.ie/en-ie/issuers ... rcard.html

Wipay uses FCB I believe...not sure



Wipay probably bussing out to avoid CBTT or probably died in their sandbox

https://www.central-bank.org.tt/fintech ... ry-sandbox




Dohplaydat wrote:
WiPay stopped responding to my emails now.

Money disappear. If I don't get response I will call Scotia and tell them to reverse the charges.


bro don't even wait...your transaction was probably handled by one of their click recorder software.....u know....the freeware that you let record your clicks to perform an action on a PC and have it repeat for all similar type of transactions.....again....u can't make this sheit up.

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Lance
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Re: WiPay comes to T&T

Postby Lance » December 21st, 2020, 7:25 am

Hardly likely he's seriously considering Jamaica. Last I heard, the BOJ also has significant concerns regarding WiPay's operations.

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stev
TriniTuner 24-7
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Joined: May 26th, 2010, 11:29 am
Location: Central

Re: WiPay comes to T&T

Postby stev » December 21st, 2020, 3:29 pm

Lance wrote:Hardly likely he's seriously considering Jamaica. Last I heard, the BOJ also has significant concerns regarding WiPay's operations.


most likely they'll keep hopping around the smaller islands until they die...

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Duane 3NE 2NR
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Re: WiPay comes to T&T

Postby Duane 3NE 2NR » March 8th, 2021, 8:58 am

Bank of Jamaica Former Deputy Governor Joins WiPay

WiPay Jamaica today announced that Mr Livingstone Morrison has been appointed as Chairman of the Board of Directors of WiPay Jamaica (the "Board") This addition is with immediate effect.

Mr Livingstone Morrison is the former Deputy Governor of the Bank of Jamaica who had responsibility for Administration and Technical Services, Finance and Technology and Payment System and Risk Management. He also served as the Chairman of the Regulatory and Market Oversight Committee of the Jamaica Stock Exchange (JSE) and is a Director of the Jamaica Central Securities Depository Limited as well as the JCSD Trustee Services Limited (both subsidiaries of the JSE).

https://wipaycaribbean.com/jamaica/blog ... oins-wipay

pugboy
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Joined: September 6th, 2003, 6:18 pm

Re: WiPay comes to T&T

Postby pugboy » March 8th, 2021, 9:52 am

they must be doing a lot of back room networking to pull in them kinda folks

Chimera
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Re: WiPay comes to T&T

Postby Chimera » May 17th, 2021, 6:05 am

hear na
with things the way they are and me looking more into doing courier delivery for products to reduce customers coming into the store........

last 2-3 days i looking at wipay videos and their rules

today i go to sign up with them and i say let me just check tuner


and .......reading all this thing about people not receiving their money ......

what going on with them these days? they get reliable?

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