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TerraPay and VM Money Transfer Services have Partnered to Expand the Remittance Market for Jamaicans

KINGSTON, Jamaica, April 29, 2024 /PRNewswire/ — In its continued thrust to improve financial inclusion and expand remittance services to Jamaicans across the world, VM Money Transfer Services (VMTS) has entered a strategic partnership with TerraPay, a global money movement organization.

VMTS facilitates money transfer services globally to customers sending money to Jamaica from Europe, the UK, United States, Canada, the Cayman Islands and Turks and Caicos. With this new agreement, VMTS now gains access to TerraPay’s robust online platform, enabling hassle-free cross-border transfers for customers sending and receiving money across approximately 31 markets globally.

CEO of VM Money Transfer Services Limited, Michael Howard, welcomes the boost that this partnership will bring to the agency’s operations. He shared, “Purposeful partnership is an integral part of VM Money Transfer’s mission as we seek to continuously improve service delivery to our clients. We are excited about this recent collaboration as, with TerraPay’s extensive network, we have the opportunity to significantly broaden our reach and potentially tap into new markets, all while keeping our clients supported and empowered with convenient and secure channels for their money transfer needs.”

The agreement was signed between the two entities in March 2024, and Juan Luis Hernandez, TerraPay’s Senior Regional Manager for Latin America and the Caribbean, who visited Jamaica for the occasion, shares the enthusiasm. Hernandez commented, “We are delighted to partner with VM Money Transfer Services to drive innovation and efficiency in cross-border remittances. Together, we aim to provide a superior remittance experience for Jamaicans worldwide, strengthening connections with their loved ones and contributing to the economic development of Jamaica.”

Along with the expanded service through TerraPay, VMTS customers can continue to enjoy the flexibility and convenience of having their funds deposited directly to their Jamaican bank account through VMTS’ Direct to Bank Service. Clients can also collect their remittances in Jamaica from VM Money Transfer’s over 70 sub-agents, 8 VM Money Express locations and 16 VM Building Society branches Islandwide.

For queries, please reach out to Juveria Samrin at ju*******@te******.com

About TerraPay:

TerraPay simplifies global money movement – by providing a single connection to the most expansive cross-border payments network regulated in 31 global markets and enabling payments to 144 receive countries, 210+ send countries, 7.5Bn+ bank accounts and 2.1Bn+ mobile wallets. TerraPay is on a mission to connect a borderless financial world, making moving money everywhere instant, reliable, transparent and fully compliant. TerraPay pushes the boundaries for global businesses – ranging from banks, fintechs and money-transfer operators to travel businesses, creator economy platforms and e-commerce marketplaces – while driving financial inclusion in even the most inaccessible markets. Founded in 2014, TerraPay is headquartered in London, with global offices in Bangalore, Dubai, Miami, Bogota, Dar es Salaam, Kampala, Hague, Dakar, Joburg, Nairobi, Milan, Singapore and is expanding rapidly, having received funding from leading investors, including the IFC (the World Bank), Prime Ventures, Partech Africa and Visa. 

Jamaican Chef’s Eatery Named Among Top Fried Chicken Spots in America

News Americas, NEW YORK, NY, Thurs. April 25, 2024: Jamaican-born Chef Nicola Blaque’s culinary prowess has once again captured national attention as her acclaimed San Antonio restaurant, The Jerk Shack, secured a spot in Eat This, Not That’s esteemed list of the best fried chicken restaurants in America, ranking fourth.

Jamaican Chef Nicola of texas (Photo by Rick Kern/Getty Images)

This latest accolade follows the eatery’s recent feature on a popular episode of the Food Network series, Diners, Drive-Ins, and Dives.

Taking to Instagram to share the exciting news, The Jerk Shack humbly expressed gratitude for the recognition, emphasizing their initial aim to simply share Caribbean heritage through culinary artistry and foster community connections. “Who would’ve thought our little Caribbean restaurant would be recognized on two national platforms for best fried chicken in America?” remarked Chef Blaque.

Highlighting Chef Nicola’s dedication to inclusivity and accessibility, the restaurant’s owners shared insights into her culinary philosophy, emphasizing her mission to make Caribbean cuisine accessible to people from diverse backgrounds. The addition of fried chicken to the menu in 2022 further expanded their reach, reflecting Chef Nicola’s commitment to serving the local community.

Chef Nicola Blaque’s culinary achievements extend beyond The Jerk Shack, earning her recognition as a best restaurateur on the StarChefs rising star list for Austin-San Antonio. Moreover, her culinary empire expanded with the launch of Freight Fried Chicken in 2023, a venture rooted in homage to the resilience of southern Black women in post-Civil War America, who sold fried chicken to railroad passengers to sustain themselves.

With a steadfast commitment to preserving culture and history, Chef Nicola continues to inspire through her culinary creations, inviting patrons to savor not just delicious meals, but also the rich narratives embedded within them. Born and raised in Jamaica until she was five years old, Chef Blaque is passionate about introducing people to the flavors of the Caribbean.

For those eager to indulge in The Jerk Shack’s acclaimed fare, visit their locations at 10234 TX-151, Suite 103, San Antonio, TX 78251, and 312 Pearl Pkwy., Building 6, San Antonio, TX 78215.

CardnPay and Turks and Caicos Banking Company launch Mastercard Black and Platinum Debit Cards in the Turks and Caicos Islands

News Americas, COCKBURN TOWN, Turks and Caicos, April 23, 2024: We are pleased to announce that CardnPay newest affiliate, Turks and Caicos Banking Company (TCBC), will be issuing new international Mastercard Black and Platinum debit cards starting in April 2024.

The Mastercard Black and Platinum Debit Cards represent the pinnacle of sophistication and functionality, designed to cater to the discerning needs of individuals seeking superior payment experiences. With their sleek designs and advanced security features, these cards epitomize excellence in banking and elevate the standard of financial services in the region.

“We are thrilled to collaborate with TCBC in bringing the Mastercard Black and Platinum Debit Cards to the Turks and Caicos Islands,” said Mr. Barry Walsh, President of CardnPay Limited. “This partnership allows us to combine our expertise in payment processing with TCBC’s commitment to innovation, delivering unmatched value and convenience”.

“Turks and Caicos Banking Company is excited to launch Mastercard Black and Platinum Debit Card in partnership with CardnPay Limited”, said Mr. David Bee, Chief Executive Officer at TCBC. “This collaboration allows us to leverage our expertise in financial services and CardnPay’s cutting-edge payment processing technology to offer a truly elite banking experience.”

TCBC (www.turksandcaicos-banking.com) is a private Bank focused on efficient and convenient customer service. Established in 1980, Turks & Caicos Banking Company has been evolving alongside the Turks and Caicos Islands.

CardnPay Ltd. (www.cardnpay.com) is a wholly owned subsidiary of Bevertec CST Inc. and a Mastercard principal member. The company offers a Mastercard Affiliate Program to financial service providers in the Caribbean. The program comprises Mastercard licensing, card issuing, ATM acquiring, 3D Secure, Tokenization, payment processing and other value-added services on a subscription basis. For more information please contact:

Nathaly Gutierrez
Business Development Manager
ng********@ca******.com  
Canada: Office : +1 416 695 7525 x2268

BC.GAME Secures New Curacao LOK License, Enhancing Legal Compliance and Global Reach

WILLEMSTAD, Curacao, April 22, 2024 /PRNewswire-HISPANIC PR WIRE/ — In an important development for the gambling industry, BC.GAME® is thrilled to announce the acquisition of a new gaming license, fully compliant with the cutting-edge Curacao’s National Ordinance for Games of Chance (LOK) regulatory framework. This achievement reaffirms BC.GAME’s unwavering commitment to providing a secure and legally compliant gambling environment for its global user base.

Jack Dorsey, the CEO of BC.GAME, said: “We are immensely grateful for Curacao’s robust regulatory framework, which has been pivotal in the gambling industry. Obtaining this license is a vital milestone in BC.GAME’s ongoing development and our commitment to providing a trustworthy and secure gambling experience.”

The introduction of the LOK legislation, designed to replace the previous National Ordinance on Offshore Games of Hazard (NOOGH) framework, has set a new precedent in the gambling license domain. Under the NOOGH regime, BC.GAME operated under a sub-license issued by Curacao Interactive Licensing NV (CIL). The new LOK framework, however, brings about significant changes, including the discontinuation of new sub-license issuance and stringent requirements for existing licensees seeking renewal.

Curacao was one of the pioneering nations in establishing regulations for gaming activities. Consequently, this small Caribbean island nation has become a hub for gaming businesses worldwide aiming to adhere to the country’s comprehensive gaming legal framework. BC.GAME has set up a local office to ensure compliance with regulations and to offer support to fulfill the requirements of the local gaming ecosystem.

Acquisition of the license, specifically designed for LOK services, coincides with BC.GAME’s efforts to enhance user trust, forge new partnerships, and broaden the accessibility of its comprehensive gaming services. Obtaining licenses and ensuring compliance are crucial steps in solidifying BC.GAME’s position as a dependable and well-regulated global online gaming platform.

Through this new license, BC.Game has seven years of experience in the online gaming sector, creating various popular and original games. “Curacao is an essential first step in our broader global strategy. As we continue to accelerate our expansion, expect more exciting developments and good news in the near future.” said Jack Dorsey.

About BC.GAME

BC.GAME is an innovative online casino platform continually redefining industry standards. Committed to providing innovative solutions, BC.GAME creates a secure, fair, and professional service environment. Utilizing cutting-edge blockchain technology, BC.GAME ensures the highest standards of security and fairness for its users.

British Caribbean Bank selects Finastra to transform its core technology

LAKE MARY, Fla., April 22, 2024 /PRNewswire/ — Finastra, a global provider of financial software applications and marketplaces, announces that British Caribbean Bank Limited (BCB), a Turks and Caicos-based financial institution offering international bank accounts and customized loan options, has selected Finastra Essence, deployed on Microsoft Azure cloud, to modernize its core and transform its back-office operations. The move enables increased readiness for regulatory changes and positions the bank for continued growth.   

BCB’s selection of Essence provides the bank with the modern capabilities, open APIs, and cloud functionality needed to better compete in the market and simplify payment regulatory changes in Turks and Caicos. The core solution’s agile, cloud-based technology, combined with Finastra’s broad and deep banking functionality, makes it simple and streamlined for BCB to adapt quickly and efficiently, while also enabling increased connectivity to third-party partners for an enhanced customer experience.  

 “To transform our core and enhance our operations, we needed an innovative partner to provide the expertise and tech stack required to complete our modernization journey,” said Marcus Samuel, Managing Director at British Caribbean Bank Limited. “Finastra Essence helps us go above and beyond by positioning our team to deliver both an enhanced customer experience and innovative products, all while being agile and quick to market as we grow.”

The move delivers new efficiencies for BCB. By modernizing its core, the bank can now benefit from a simplified back-office, reducing costs and increasing productivity for its team.

Essence, a cloud-first, next-generation banking solution that combines sophisticated functionality and advanced technology to increase enterprise agility, is seeing increased presence in the Caribbean. Its deep retail and commercial banking functionality enable financial institutions around the world to quickly adapt to local needs while rapidly deploying market-leading products and services.

“Finastra is pleased to see Essence growing in the Caribbean and across the Americas, as more financial institutions are seeking core solutions that support digital transformation through increased agility, the cloud, and connectivity to the financial ecosystem,” said Siobhan Byron, EVP, Universal Banking at Finastra. “Our continued and enhanced partnership with BCB and its affiliates provides the bank with the resources and support it needs to grow, thrive, and adapt to an ever-evolving financial services landscape.”

About Finastra
Finastra is a global provider of financial software applications and marketplaces, and launched the leading open platform for innovation, FusionFabric.cloud, in 2017. It serves institutions of all sizes, providing award-winning software solutions and services across Lending, Payments, Treasury & Capital Markets and Universal Banking (Retail, Digital and Commercial Banking) for banks to support direct banking relationships and grow through indirect channels, such as embedded finance and Banking as a Service. Its pioneering approach and commitment to open finance and collaboration is why it is trusted by over 8,000 institutions, including 45 of the world’s top 50 banks. For more information, visit finastra.com

North American headquarters
744 Primera Boulevard
Suite 2000
Lake Mary, FL 32746

This 86-Year-Old-Caribbean Immigrant Entrepreneur Is Still Working

News Americas, NEW YORK, NY, Tues. April 16, 2024: “Music is my life and I still have to keep the momentum going from the past sixty years. I love to communicate and unite people. Doing nothing is not my goal.”

Miss Pat with husband and VP Records co-founder, the late Vincent Chin. (Photo courtesy of Patricia Chin archives.)

So says 86-year-old entrepreneur and co-founder of VP Records, Patricia ‘Miss Pat’ Chin, as she and her team prepare for International Record Store Day 2024 which will be observed this Saturday, April 20th across the United States, Europe and parts of Asia.

86-year-old entrepreneur and co-founder of VP Records, Patricia ‘Miss Pat’ Chin (Photo courtesy of  Alessandro Simonetti.)

International Record Store Day originated in the United States in 2007 and is celebrated in countries including the United Kingdom, France, Germany, Italy, Canada and Japan. The day brings together fans, artists and thousands of record stores globally in celebrating the culture of independently owned record stores and the vinyl record culture that has brought these stores into a new era of relevance. The organization Record Store Day provides promotions, marketing and other opportunities for stores throughout the year, maintaining a website, social media and other means of sharing its views about the value of independent record stores. A highlight of the day is the issuing of special vinyl releases along with other promotional offerings to mark the occasion, and which are only available at participating stores. 

Miss Pat with Grammy Award winner Shaggy. (Photo courtesy of Patricia Chin archives)

Miss Pat is eagerly anticipating VP Records’ annual Record Store Day celebration, which will take place this Saturday from noon to 6 p.m. at their flagship store in Jamaica Queens and at  their retail store in Miramar Florida. Special guest for the day at the Jamaica Queens event will be VP recording artiste Romain Virgo.

According to Miss Pat “It will be a celebration of Romain’s new  album release, The Gentle Man, and also the work that he has done over the years. We want to honor his accomplishments from his Rising Stars days up till now. He will be present to do a meet and greet, take photos with his fans and sign copies of the album. It promises to be a fun day and will shine a light on the sound system and vinyl culture, showing everyone that our music is alive and well, even with all the stages that we have passed through.”

At an age when many of her peers are enjoying retirement and slowing down, the tireless Miss Pat smilingly asserts that none of that is on her agenda.

“I’m not retired,” she laughs. “I don’t think of myself as retired at all. I still have work to do and I still have my ears to the streets. I’ve been through it all- from mento, ska, to rocksteady, reggae, dancehall and dub and I’ve never lost track of the different trends in the music. My plan is to keep going and to keep preserving our musical legacy for as long as I can.”

Miss Pat and her late husband Vincent Chin together founded VP Records -the label name paying homage to their initials, V and P- in New York in 1979. They had immigrated to the USA from Jamaica having run a small record store, Randy’s Record Mart, and a recording studio, Studio 17, for some 20 years in downtown Kingston. From a tiny retail outlet on Jamaica Avenue in Queens, VP Records has grown to become the largest independent reggae label and distributor of Caribbean music in the world.

She believes that entrepreneurship was in her DNA, as she started her own business during childhood while growing up in Kingston as the eldest of three children born to her Chinese mother and Indian father. While at Alpha Girls School, she asked her father to buy her some rubber bands and marbles- popular novelty items amongst her schoolmates at the time- and, exhibiting her enterprising entrepreneurial  spirit, she sold them at lunchtime.

“Looking back,” says Miss Pat today, “Maybe that’s how my business sense began to develop.”

That business sense would stand her in excellent stead as she entered the predominantly male dominated world of Jamaican popular music later on.

“Back then in Jamaica, I didn’t even realize I was doing a man’s job. I was just doing a job to survive and create a business. I didn’t feel like it was a man’s job. My biggest survival skill was that I respect people, and they respect me. It was strictly business. I wasn’t afraid to approach people, and I learned these skills from my parents, who taught us to look after the community.”

Arriving and then working in the United States however, was another matter entirely.

“ My role at VP for the first ten years was what we would now call telemarketing- handling orders by phone with my son Chris,” she recalls. “It was mostly men who would buy records in those days and when they called and heard my voice they  would ask, “Can you put on a man (on the phone) to take the order?” And I would reply, “Why do you need a man?” They thought I wasn’t well versed in the music or educated in it. But I had spent so much time in the music industry- including twenty years running the counter at Randy’s back in Jamaica- that I was more than familiar. But being a woman, I had to work harder. I didn’t go to the dances. I had to study.  I had to ask a lot of questions, because I had to retain a lot of information.”

Her perseverance was instrumental to the eventual success of VP Records, which proudly boasts a roster of present and past artistes that includes many of the most popular reggae and dancehall stars of all time including Beres Hammond, Shaggy, Beenie Man, Sean Paul, Spice, Lady Saw, Morgan Heritage and Tanya Stephens. Many of them have become her close friends.

 Having survived and thrived amidst those early professional challenges- as well as overcoming several personal tragedies including the loss of her husband Vincent, two sons and a grandson- Miss Pat continues to persevere, determined to make a difference.

“This is why I do not even think of myself as retiring,” she says, “Because there is so much more to do. I do a lot of work with the VP Foundation which we created to give back by assisting in the development of young musicians, artistes and the culture. Once a year, we go to Jamaica to support our various charities including  the Alpha Boys School.  I also find a way to share my story to inspire others by doing events and festivals.”

In 2006, the government of Jamaica awarded her the prestigious Order of Distinction (OD) in recognition of her contribution to Jamaican music and culture and in 2021 she published her memoirs, Miss Pat- My Reggae Music Journey, to great acclaim. The book chronicles her entire life from early childhood in Kingston to becoming co-founder of her multi Grammy Award winning record label and international brand. She is also the first woman to have received the American Association of Independent Music Lifetime Achievement Award.

“I’d like to think that I serve as an example to anybody out there who had a dream and who continues to be inspired to keep busy at any age, as long as you are able. This is why our celebration of Romain Virgo this Saturday is so important to me. He is very talented and represents the future. And the VP legacy that I helped to build will live on in artists like him.  So I plan  to enjoy staying active and doing what I love, which is to support him and the next generation as they take our music forward.”

VP Records is located at 170 -19 Jamaica Avenue, Queens NY, 11432 and at 6022 SW 21st Street  in Miramar Florida, 33023.

Record Day is free and open to the public.

ExxonMobil Approves Whiptail Development, Guyana Set to Boost Oil Capacity

News Americas, GEORGETOWN, Guyana, Fri. April 12, 2024: ExxonMobil has greenlit the Whiptail development offshore Guyana, marking its sixth project on the Stabroek block. Anticipated to enhance daily capacity by 250,000 barrels by 2027, the decision follows necessary government and regulatory nods.

Liam Mallon, President of ExxonMobil Upstream Company, lauded the move, underscoring the company’s strategic partnership with the Guyanese government. With a $12.7 billion investment, Whiptail envisages up to 10 drill centers and 48 production and injection wells.

Mallon emphasized ExxonMobil’s commitment to local community development, pledging support for sustainable initiatives across Guyana. The cumulative impact of Stabroek block operations has already seen significant economic uplift, with over $4.2 billion channeled into the Guyana Natural Resource Fund since 2019.

Moreover, the project boasts a substantial local workforce, with 6,200 Guyanese employees contributing to operations, representing 70% of the total workforce. ExxonMobil’s investment in local suppliers has surpassed $1.5 billion since 2015, further bolstering Guyana’s economic resilience.

The Whiptail project aligns with the ongoing expansion of Guyana’s oil infrastructure, with the Floating Production Storage and Offloading (FPSO) vessel Jaguar currently in construction. This adds to the three FPSOs already operational offshore, each producing over 600,000 barrels of oil per day. Construction is underway for FPSOs dedicated to the Yellowtail and Uaru projects, slated to commence production in 2025 and 2026 respectively.

What The Caribbean Is Missing According To The World Bank

News Americas, NEW YORK, NY, Fri. April 12, 2024: The Caribbean is missing on two fronts according to the World Bank in its latest economic review and assessment of the region and Latin America.

The World Bank’s chief economist for Latin America and the Caribbean, William Maloney.

According to the 2024 report, “Competition: The Missing Ingredient for Growth?,” both the Caribbean and Latin America are missing on the competition front. According to the Bank’s analysts, “low competition makes consumers pay higher prices for lower-quality goods and services, reducing overall welfare, and contributes to higher inequality, as monopoly prices on essential goods and services consume relatively more of the budgets of poorer households.”

Analysts recommended increasing the competition in order to stimulate growth and improve consumer welfare.

“Competition from low-cost consumer imports can help raise the standard of living of families across the income spectrum. Competition also has the power to nudge domestic producers into adopting new products and technologies, improving productivity at the firm level,” states the report. “The global integration of markets has contributed to more competitive environments, facilitating the diffusion and adoption of innovations that enhance efficiency. At the same time, competing in dynamic and challenging domestic markets is the best way for firms to prepare for exporting.”

Meanwhile , the World Bank’s chief economist for Latin America and the Caribbean, William Maloney, also said the Caribbean is lagging behind when it comes to data needed to track not only the performances of the respective economies but labour market indicators among others.

“Getting good data on the Caribbean remains a major challenge,” Maloney said.

ICT Scholarships Now Available For Black Diaspora

News Americas, NEW YORK, NY, Fri. April 12, 2024: Invest Caribbean has again partnered with the Elizabeth Sloane Institute of Technology to promote ICT scholarships to the Black Diaspora.

The commitment of the Elizabeth Sloane Institute of Technology to enhancing the skills of ICT professionals who identify as members of the Black diaspora has been extended with the approval of this year’s scholarship round, amounting to over $4.6 million.

Building upon the success of previous initiatives, the institute aims to provide opportunities for individuals across the globe to upskill in vital areas such as AI, Cybersecurity, and Data Science.

In 2023, Elizabeth Sloane Institute of Technology awarded more than 620 scholarships focused on cybersecurity across English-speaking Africa and the Caribbean. This year, the program has been expanded to include applicants from around the world. The significant investment is aimed at addressing the global skills shortage in crucial technology fields while fostering the advancement of ICT professionals within the black diaspora.

Melanie Wynter, Director of Elizabeth Sloane, emphasized the importance of the program, stating: “This initiative will not only strengthen global defenses against cybercrime but also empower black ICT professionals to excel in an industry that greatly values their expertise.”

The scholarship program offers four distinct funding opportunities, covering over 70% of the costs of industry-recognized (ISC)² cybersecurity certifications such as CISSP, CCSP, and SSCP over a 12-month period, as well as Online Self-Paced STEM Master’s Degree programs. These awards include the Kusi P. Adu-Amankwah “Lex Stella” Award, the Lauryn C. Poyser Award, the Homegrown Alliance Award, and the C. Courtney Jackson Award.

This initiative comes at a crucial juncture, with cybercrime projected to cost the world $6 trillion annually by 2023 and a predicted shortage of 3.5 million cybersecurity professionals globally.

Gawayne Beckford, Member Academic Council of Elizabeth Sloane Institute of Technology, highlighted the significance of supporting the upskilling of black ICT professionals, citing the visible impact of the skills gap in regions served by the institute across Africa and the Caribbean.

The application process is straightforward and open to the public, with a submission deadline of May 15th, 2024.

For further details or to apply, interested individuals can @esitedu, Linktree or contact in**@es*****.com.

Additionally, applications for the Lauryn C. Poyser Scholarship are currently being accepted. With a projected 32% increase in cybersecurity job opportunities by 2032, now is an opportune moment to pursue advanced education or transition careers. Apply today to explore Master’s Degrees and Professional Development Programs at Elizabeth Sloane Institute of Technology before the May 15th, 2024 deadline. All individuals who identify as members of the Black diaspora are eligible to apply at https://esitedu.com/student-register/

Queens Caribbean Restaurant Makes NY Times Top 100 List

News Americas, NEW YORK, NY, Fri. April 5, 2024: A Caribbean restaurant in Queens, NY has made the New York Times Top 100 list for 2024.

The Trinciti Roti Shop of 11-03 Lefferts Boulevard in Ozone Park, Queens, logged a high 18th place on the list. The author, Pete Wells, lauded the restaurant for it Trini chicken curry doubles, aloo pies and bake and shark. Other items on the menu includes sada roti, buss up shot roti, phoulorie and lots of other curries to choose from, including vegan curries. Wash it all down with your choice of local drinks, including sorrel, mauby, and peanut punch.

“I treat Trinciti as a destination of its own, worth a separate trip,” he wrote.

The restaurant has received tons of reviews with 4,764 reviews on Google, 3,640 on GrubHub.