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DSS and Huawei Sign Strategic MOU to Drive Digitalization and Financial Inclusion

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E. Jay Saunders, David Wang, and Alex Liu holding signed MOU

Providenciales, Turks and Caicos Islands, December 18, 2024 – DSS, a TCI FinTech company, and Huawei have announced a landmark partnership aimed at driving digital transformation and improving financial inclusion in the Caribbean and beyond. The signing of a Memorandum of Understanding (MOU) was celebrated during a luncheon held at Las Brisas Restaurant, Chalk Sound Drive, Providenciales, attended by key stakeholders and media representatives.

The partnership underscores the shared vision of DSS and Huawei to develop cutting-edge digital solutions for underserved markets. Their collaboration will focus on mobile money, cloud computing, and smart technologies, with the ultimate goal of creating a globally interoperable mobile wallet ecosystem.

Strategic Vision for Mobile Money

  1. Jay Saunders, CEO of DSS, highlighted the urgent need for financial inclusion in underserved regions, stating, “There are over 1.4

    E. Jay Saunders and David Wang signing MOU

    billion unbanked people worldwide. These individuals, many of whom live in the Caribbean and Latin America, lack access to basic financial services. With this partnership, DSS and Huawei will enable telecommunications carriers to offer a mobile wallet solution that empowers the unbanked and underbanked populations, improving their quality of life.”

Saunders added, “Our vision is to build a mobile money ecosystem that’s as seamless and interconnected as the global credit card networks. Imagine having a mobile wallet issued in TCI that you could use in China, Africa, or the Bahamas. This partnership with Huawei is the first step toward making that vision a reality.”

Huawei’s Role in Digital Transformation

Huawei brings its extensive expertise in cloud services, telecommunications, and smart technologies to the partnership. Alex Liu, Regional Manager for Huawei Caribbean, expressed his enthusiasm for the collaboration. “DSS’s vision for financial inclusion aligns perfectly with Huawei’s mission to bring digital to every person, home, and organization for a fully connected, intelligent world. By leveraging our cloud infrastructure and innovative technology, we aim to support DSS in revolutionizing mobile money,” said Liu.

A Future of Smart Solutions

The MOU extends beyond mobile money, focusing on strategic cooperation in areas such as Smart Cities, Smart Government, and Smart Education. Saunders emphasized the potential impact on TCI, stating, “Huawei’s advanced ICT technologies could help us drive down the cost of living across our islands.”

Next Steps

DSS plans to launch the beta version of its mobile wallet solution in early 2025, targeting markets with significant unbanked populations, including Haiti, Guyana, and Jamaica. The service will be rolled out globally, enabling telecommunications carriers to quickly adopt the technology without the need for extensive infrastructure investments.

“This partnership is not just about technology,” Saunders concluded. “It’s about making a tangible difference in people’s lives and positioning the Turks and Caicos Islands as a leader in digital innovation.”

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ELECTRICITY BILL SHOCKER: PELICAN ENERGY WARNED GOV’T

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TCIG knew from April that fuel factor could surge almost 80%; Minister says $500 cost-of-living payment was part of Government’s response

PROVIDENCIALES — The Turks and Caicos Government knew months before July’s shocking electricity bills that consumers faced a potentially massive increase in the fuel factor.

Minister of Information Technology and Energy E. Jay Saunders revealed Friday that Pelican Energy warned his Ministry in April that generation fuel costs were projected to rise from $3.09 per gallon in May to $4.79 in June and July.

That translated into a projected fuel factor jump from about 17.5 cents to 31 cents per kilowatt-hour — an increase of almost 80%.

Saunders said he personally advised Cabinet of the projected increase and presented options for cushioning the impact.

He characterised Government’s $500 cost-of-living payment as its “initial response” to rising fuel costs, before a separate fuel-factor subsidy was approved.

Cabinet records show Government agreed on June 24 to provide funding to mitigate the fuel-factor impact, with the relief programme approved July 8.

Eligible residential customers — those averaging less than $1,500 monthly over the previous three bills — are capped at 22 cents per kWh from July through October.

Pelican confirmed Friday that Government’s contribution was already applied to July bills, meaning the bills now triggering widespread public outrage would have been even higher without the subsidy.

Saunders did not disclose the programme’s total cost.

His admission that Government knew since April, however, raises another question amid the backlash: why were consumers not directly warned by Government about the scale of the approaching increase?

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Bahamas News

More Bahamians Accessing HIV, STI Care Through NHI

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NASSAU, Bahamas — More Bahamians are accessing HIV and sexually transmitted infection-related healthcare through National Health Insurance, a trend the NHI Authority says should be viewed positively.

NHIA stressed in an August 6 statement that its 2025 figures measure healthcare utilisation, not newly diagnosed infections. They include beneficiaries screened, treated, monitored or receiving follow-up care, including people diagnosed previously.

“Increased utilisation of these services should be viewed as a positive development,” NHIA said.

The Authority pointed to “greater enrolment and use of NHI, improved access to screening and testing, continued treatment and monitoring of existing conditions, and increased willingness to seek medical care.”

The development comes amid a mixed three-year HIV picture. New diagnoses rose from 130 in 2023 to 156 in 2024, before declining to 142 in 2025.

NHIA said increased utilisation demonstrates that more beneficiaries are accessing needed healthcare and actively managing their health, reinforcing the importance of screening, early diagnosis and continued treatment.

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Health

47,459 MEASLES CASES, 44 DEATHS ACROSS AMERICAS  

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WASHINGTON, D.C. — The Americas has recorded 47,459 confirmed measles cases and 44 deaths in 2026, the region’s highest case count in 22 years, prompting the Pan American Health Organization (PAHO) to urge stronger vaccination, surveillance and rapid outbreak response.

As of July 18, cases were already more than triple the 15,011 recorded during all of 2025. Guatemala, Mexico, the United States and Peru account for 95% of confirmed cases. Guatemala leads with 30,371 cases and 26 deaths, followed by Mexico with 12,255 cases and 17 deaths.

PAHO classifies the regional public health risk as very high, citing active outbreaks, immunity gaps, international travel and populations with inadequate vaccination coverage.

The organization says prevention starts with vaccination. Countries are being urged to achieve and maintain at least 95% coverage with two doses of measles-containing vaccine, particularly protecting children and under-vaccinated communities.

Measles spreads through the air when an infected person breathes, coughs or sneezes. Symptoms can include fever, cough, runny nose, red eyes and a rash.

PAHO is urging health authorities to detect suspected cases early and respond rapidly to stop transmission. Unvaccinated and under-vaccinated people, young children and communities with limited healthcare access face increased risk of severe illness and death.

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