WiPay eyes junior stock market for 2020

WiPay eyes junior stock market for 2020

…entity says the Jamaican stock market is the place to do good business

Wednesday, December 11, 2019

Print this page Email A Friend!


At the fourth staging of the Tech Beach Retreat held in Montego Bay at Iberostar Hotel last week WiPay Jamaica, a Trinidad-based e-commerce platform launched earlier this year, announced they are in discussions to have the company listed on the Junior Stock Exchange (JSE) in year 2020.

Aldwyn Wayne, founder and chief executive officer (CEO), said his company has been in dialogue with Blockstation, which is a platform that provides an end to end, compliant, digital asset trading marketplace solution for stock exchanges – so that his company can be listed as a digital asset on the Junior Market of the Jamaica Stock Exchange in the coming year.

“We know Jamaica has the best-performing stock market in the world, which indicates that it's the place to do good business – so we opened a location here in Jamaica. We intend to utilise this stock market, so in 2020 we will partner with Blockstation to get into digital asset trading which will allow for WiPay to be traded on the JSE,” he said in a release shared.

He said that in crafting this master partnership his company, among others, is aiming to change the face of e-commerce in the Caribbean.

“The 'PayPal of the Caribbean' has a bright and promising future ahead in 2020, and this level of regional collaboration can only serve to improve the Caribbean's innovative ecosystem,” he further stated.

At the launching of the WiPay platform in Jamaica earlier this year, it was said that this technological advancement will move the current e-commerce system of the country into the First World, enabling especially micro, small and medium-sized enterprises (MSMEs) to conduct the digital transfer of payments for products and services offered online.

“Partnerships and developments of this nature are a part of the legacy of the Tech Beach retreat, and this legacy will only strengthen with each year's staging. This year, the team has also decided to shine a light on inclusivity in the technology field, with the inclusion of several females who are dominating the technology and innovation space on a local and global scale,” the release also outlined.

With Google and the Inter-Development Bank (IDB) Lab on board as title sponsors for this year's staging, the launch was an image of the tech conference's core — featuring entrepreneurship, technology, innovation and community.


Now you can read the Jamaica Observer ePaper anytime, anywhere. The Jamaica Observer ePaper is available to you at home or at work, and is the same edition as the printed copy available at http://bit.ly/epaperlive


ADVERTISEMENT




POST A COMMENT

HOUSE RULES

1. We welcome reader comments on the top stories of the day. Some comments may be republished on the website or in the newspaper � email addresses will not be published.

2. Please understand that comments are moderated and it is not always possible to publish all that have been submitted. We will, however, try to publish comments that are representative of all received.

3. We ask that comments are civil and free of libellous or hateful material. Also please stick to the topic under discussion.

4. Please do not write in block capitals since this makes your comment hard to read.

5. Please don't use the comments to advertise. However, our advertising department can be more than accommodating if emailed: advertising@jamaicaobserver.com.

6. If readers wish to report offensive comments, suggest a correction or share a story then please email: community@jamaicaobserver.com.

7. Lastly, read our Terms and Conditions and Privacy Policy



comments powered by Disqus
ADVERTISEMENT

Poll

ADVERTISEMENT
ADVERTISEMENT

Today's Cartoon

Click image to view full size editorial cartoon
ADVERTISEMENT