Republic Bank had announced the launch of Endcash, the first mobile wallet solution in Trinidad and Tobago.
Endcash is a new digital payment and social hub that transforms your smartphone into a highly-secured money management tool, Republic Bank stated.
“The product is geared towards both individuals and businesses of all sizes and is accessed through an easy to use mobile ‘app’. Payments can be between individuals; from individuals to businesses and between businesses. The system uses state of the art encryption and multiple layers of security to ensure the protection of users’ information and transaction details,” the release stated.
Speaking on the launch, Republic Bank Executive Director Derwin Howell, described the app as a gamechanger for the local financial landscape.
“The local payment infrastructure needs to evolve. Going cashless brings significant benefits to users, like speed, security and convenience. If there is one thing the past year has reinforced for us, it’s that cashless and contactless solutions can improve many aspects of our lives,” Howell said.
Endcash users will have the ability to experience touch-free shopping as payments can be made remotely or in-store by scanning a QR Code.
Among other features, users can also send, request and receive funds seamlessly using the secured transfer feature while also messaging with friends and family.
Anyone with a smartphone, even if you don’t have a bank account, can download the user app from the Apple App Store or the Google Play Store. Once installed, sign-up for Endcash is achieved by following the simple instructions on the app. Your digital wallet can then be loaded using any local bank’s Visa or MasterCard branded card or by receiving funds from someone else’s Endcash wallet.