SANTO DOMINGO–(BUSINESS WIRE)–Specialised within the improvement of technological improvements aimed toward offering options to the monetary, phone and insurance coverage trade, GCS, probably the most related FinTech within the Dominican Republic, celebrated its 10 years of operations within the nation.
A cocktail occasion with the presence of distinguished personalities within the nationwide sphere, served because the setting for the corporate’s fundamental executives to share with shoppers, associates and the media the milestones achieved on this first decade, in addition to the plans and targets on which work will probably be continued within the coming months.
The corporate ratified its dedication to innovation. It provides greater than 10 technological options, most notably tPago, the primary utility within the Dominican Republic to offer contactless funds and PayPal top-ups. As of December 2019 the product had surpassed the 1 million Month-to-month Energetic Customers. tPago has additionally been deployed and is presently serving customers in Guatemala.
GCS, whose trajectory has been key to the promotion of Fintech corporations within the Dominican Republic – consolidating its place in 2018 as one of many founders and fundamental promoters of AdoFintech [Dominican Fintech Association, known in Spanish as Asociación Dominicana de Fintech] – additionally provides and develops companies for tier-1 third-parties corresponding to pay as you go cell wallets Altice-Peso and Claro’s e-fectivo-Móvil, the corporate additionally manages a non-banking correspondent community of over 1,700 branches, the sale of Microinsurance by way of tPago, and QR code-based person-to-person transfers, amongst others.
Brian Paniagua, Chief Government Officer, expressed: “the primary decade of the 21st century finds us as an organization wanting in direction of the longer term with higher vitality and potential than ever. New territories, new segments, new services and products, with the goal of constant to speed up time-to-market for monetary establishments and different service classes.”
Mr Paniagua spoke about the way in which the corporate has managed to serve, immediately or not directly, over 5 million Dominicans by way of greater than 400 million transactions by way of GCS’ merchandise & companies. These milestones are concrete exponential steps of their company imaginative and prescient of working in direction of monetary inclusion and bettering individuals’s high quality of life within the nation and elsewhere within the area.
The Chief Government Officer famous that to be able to obtain this, the corporate created a novel open-loop ecosystem encompassing all 14 fundamental monetary establishments nationwide, and greater than 80 billing and repair corporations.