Tag: Bahamas

ICTP 282:  Building ecosystems to drive and foster trade and e-commerce via a multi-tender digital wallet, Nicholas Rees, of Kanoo Pays

We are continuing our series on Fintech in the Caribbean region with Kanoo Pays, a “Non-Bank Electronic Retail Payment Institution” headquartered in The Bahamas. With Nicholas Rees, Chairman of Kanoo Pays, we discuss: How Kanoo Pays has been able to distinguish itself from other digital wallets; the current state of the fintech industry in The Bahamas; why CBDC adoption has been slow in Caribbean countries that have launched a digital currency; and what does Kanoo want to achieve in the next 3 years?

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ICTP 175: Delving into the Government of the Bahamas Digital Transformation Programme, with Michael Hamilton

Michael Hamilton, the Programme Coordinator of the Digital Transformation to Strengthen Competitiveness programme for the Government the Bahamas discusses: the programme and what it hopes to achieve; some of its successes to date; how the success of the programme will be measured; and what new developments we should expect in the no-too-distant future.

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ICTP 121: Launching a digital currency in the Caribbean, with the Central Bank of the Bahamas

Plans are underway in the Bahamas to launch its central bank digital currency (CBDC), the Sand Dollar, in October 2020. In our conversation with Cleopatra Davis and Chaozhen Bobby Chen, of the Central Bank of The Bahamas, we learn, among other things, more about the Sand Dollar, how it will better serve the unbanked and underbanked, and how the Bank intends to manage the KYC and AML requirements for this new currency.

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