PAYSETT CORPORATION ®

PaySett Corporation® expands its regional payments partnership with Sagicor

Oct 24, 2023, 21:30 ET

The real time payments (RTP) solution PayExpedite® will further expand the financial institution's payment capabilities in Barbados under the Amazon Web Services (AWS) platform.

ATLANTA and BRIDGETOWN, Barbados, Oct. 24, 2023 /PRNewswire/ -- PaySett Corporation®, a global provider of payment solutions and Sagicor Bank (Barbados) announced today the launch of the bank's new real time payments service based on the ISO 20022 messaging standard running under the AWS platform.

George Thomas, CEO of Sagicor Bank (Barbados) stated, "As the region's first digital bank, we are duty bound to work with our partners to ensure that their technology posture is robust, modern, and forward-thinking. We partnered with PaySett® to future proof their solution and as such we worked with them to certify their platform in the cloud. This is a mutually beneficial and monumental achievement which is the first of its kind in the anglophone Caribbean."

Jesus Garcia VP of Business Development at PaySett Corporation added, "The Sagicor Bank real time payments implementation with our market proven PayExpedite® solution demonstrates the product's flexibility to adapt to different operating environments of our customers while at the same time providing seamless integration with Sagicor Bank's core banking system and origination channels, as well as the local clearing house.

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PaySett Corporation® expands its payments partnership with the Barbados Automated Clearing House Services Inc. (BACHSI)

Apr 26, 2023, 09:30 ET

The real time payments (RTP) solution PayExpedite® will complement the current electronic payments ecosystem to allow for the creation of new payment services in Barbados.

ATLANTA and BRIDGETOWN, Barbados, April 26, 2023 /PRNewswire/ -- PaySett Corporation®, a global provider of payment solutions, and BACHSI announced today the launch of the new RTP platform based on the ISO 20022 messaging standard.

Natalie Garraway, immediate past chairman (2020-2022) and current deputy chair (2023) commented, "We are elated to have this platform launched in Barbados. This system will be integral in our digital journey as a country as it offers speed, convenience, and reliability. We are grateful to PaySett for partnering with us (BACHSI) to provide such a solution that covers all those key areas that our citizens and customers have been eagerly requesting in a banking solution.".

Jesus Garcia, VP of Business Development, added, "Our market proven PayExpedite® solution will integrate seamlessly into the Barbados payments ecosystem to serve the government of Barbados' plans to reduce (and longer term eliminate) the number of cash and cheque transactions while reducing the costs of these traditional payment methods. Each participating financial institution will have at its disposal a robust real time payments platform capable of supporting new service offerings such as emergency payments, P2P payments, digital wallets, eCommerce, and others. The ease, speed, and security capabilities of the PayExpedite® platform will facilitate the country's transition to a more digital economy."

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