Island Pay is working with the NIB to distribute payments through its digital wallet

Nassau, July 21, 2020: Island Pay, the Bahamas-based electronic money mobile payment service provider is assisting the National Insurance Board (NIB) in the launch of its new online portal Government-funded Unemployment Benefit Extension (GovUEBex) Program.

People who received NIB Unemployment Benefit payments via cheque, for any reason, during the COVID-19 shutdown period, will receive extension payments via the Island Pay Digital Wallet.

Using the Island Pay wallet involves a user-friendly three step process of downloading the app, registering and verifying your identity documents.  New users are on-boarded within minutes and ready to use the wallet and receive payments.

Island Pay is installing it’s leading edge ATM Kiosk on several Islands of The Bahamas to facilitate easy cash in/cash out access for the programme.

Island Pay wallet holders can enjoy the following services:

  • Send money to family and friends
  • Receive money from family and friends
  • Top up local and international phone numbers
  • Pay utility bills
  • Transfer money to your bank account

Customers can do the following from an Island Pay ATM Kiosk:

  • Add cash to an Island Pay wallet
  • Withdraw cash from an Island Pay wallet
  • Top up local and international phone numbers
  • Buy gift cards such as iTunes, PSN, Xbox and more
  • Purchase a Prepaid Mastercard

About Island Pay:

Island Pay, founded in 2016, recognizes the strong business case for mobile electronic money providers seeking to re-do the way consumers interact with payments, authentication and identity, especially in under-banked areas. A tokenized service, it is as secure as existing mobile payment services and all customer data is securely held in The Bahamas. It’s smartphone application, available for Android and iOS, allows users to manage the service with security, control and utility throughout the whole of the Caribbean. Its state-of-the-art system offers easy bill payment, money transfer and mobile top-up.

More information about Island Pay can be found on islandpay.com

Register for NIB Payments on the Island Pay Digital Wallet