Kingston, Jamaica – february 8, 2022 – Mastercard and GCS International, a leading regional fintech based in the Dominican Republic, today extended their partnership to develop and deliver digital payments solutions to underserved consumers across the Caribbean. This partnership builds on the collaborative work already underway in the Dominican Republic, and expands to include solutions in Jamaica. 

The partnership will strengthen the economic growth potential in the Caribbean, providing the underserved population with a simple and secure real-time payment solution. Financial institutions will be provided with a white label mobile wallet solution, including Mastercard prepaid cards for international use, providing end users with innovative and enhanced payment options in line with market trends. The initiative demonstrates how technology can be harnessed to accelerate financial inclusion and give people more control, better banking experiences, and a wider range of payment choices. 

During the signing of the agreement, Carlo Enrico, president of Mastercard’s Latin America and Caribbean region, highlighted: “Mastercard is committed to delivering a digital economy that works for all. As the fintech landscape evolves at an unprecedented speed, Mastercard provides the infrastructure and assets to help fintechs grow and attract more people to the digital economy. We look forward to collaborating with the GCS International team through this next stage of growth and provide the solutions that will drive financial inclusion at scale.”

 At the same time, Brian Paniagua, CEO of GCS International expressed: “Our company has provided friction-less PFM (personal finance management) tools and solutions to consumers creating value for individuals and their societies in Guatemala and the Dominican Republic, and in the near future, Jamaica. This strategic alliance with Mastercard is a natural evolution in the industry goal towards achieving the financial inclusion of more countries in the Caribbean and capitalizes on GCS’ proven track record ability to apply leading technology to the financial industry in benefit of those who need it most. We look forward to expand this alliance in a near future to other countries in Central America as well.”

GCS International is a leading fintech in the Dominican Republic specialized in cutting-edge technology within the payments industry, focused on the development of mobile solutions key to people’s needs such as transfers between accounts, payment of basic services, loan payments, among others.  

Mastercard will continue to advance equitable and sustainable economic growth and financial inclusion around the world through a broad range of efforts. Last year, the company announced the expansion its worldwide commitment to financial inclusion by pledging to bring a total of 1 billion people and 50 million micro and small businesses into the digital economy by 2025. 

November 5, 2021 – We are proud to announce that our company has joined ECORED a well-recognized association that promotes social responsibility culture and sustainability through public and private alliances to create balance within social, economic and environmental growth in Dominican Republic. 

September 9, 2021 – GCS International signed an alliance with Mastercard to jointly take advantage of their technologies and contribute to digitalization growth in the Dominican Republic and promote the development of innovative solutions that drive digital transformation. 

tPago will benefit from the most recent technological an innovation capabilities of Mastercard and will strengthen its current services enabling the mobile platform for international use and offering users, card-to-card money transfers through Mastercard Send services. In addition, this partnership will offer banks and businesses, processing services with white label mobile wallets and prepaid cards for international use, with a tokenization and encrypted secure system.    

Gabriel Pascual, Country Manager for Mastercard, highlighted: “We are very excited with this alliance with GCS International which will provide the Dominican Market with new payments solutions with innovative technologies; and with the full support and experience of Mastercard’s global leadership and digital ecosystems”. Once again, Mastercard contributes fintech’s growth on the country as global leaders in Latin America and the Caribbean 

Manuel Grullón Hernández, GCS’ Executive Chairman, expressed the company’s commitment to promote continuous digital development” “We are proud to continue contributing to digital transformation with collaborative synergies with companies that share our vision, such as Mastercard. Our will is to unite efforts to provide technological innovation solutions within the reach of people, improving their quality of live and promoting the economic reactivation of our country through providing Fintech services.”

Participamos en el #Clab2021 de @felaban evento de innovación de gran relevancia en América Latina donde líderes internacionales redefinen las tendencias de #TransformaciónDigital de cara al futuro del sector financiero.

Banco Promerica joins GCS Guatemala in an alliance to promote digital transformation in Latin America. tPago Guatemala enables Promerica’ s clients access to a secure mobile payment platform contributing to Guatemala’s economic reactivation.