The Belize Bank Limited has recently attained full regulatory approval for a digital wallet system which is expected to transform the way payments are made in Belize. The implementation of this new digital wallet, will further enable users and businesses to conduct transfers, bill payments and payment for goods and services digitally using mobile phones, reducing our dependence on physical cash.
As more and more consumers use digital applications in their day-to-day lives, the importance of creating a convenient and secure payment solution has never been more apparent. The Bank's aim is to create a seamless relationship between users and businesses, while simultaneously providing a robust system to allow instant transfers between all users and their peers. The development of this digital wallet system illustrates the Bank's commitment to building advanced solutions in the digital space, limiting the need for physical interaction, especially in light of the COVID-19 pandemic.
Belize Bank's launch of the best in-class digital wallet system is one of the first steps in many changes as the company moves towards its mobile-first objective. Stay tuned and connect with Belize Bank by visiting our website or via our social media pages.