Bahamas – Deltec Bank & Trust, a leading crypto-friendly bank headquartered in the Bahamas, announced a landmark $30 million strategic investment in Green Pay, an innovative fintech company specializing in sustainable and inclusive payment solutions. This investment marks Deltec's bold entry into the stablecoin and digital payment ecosystem, aiming to bridge traditional finance with blockchain technology and serve vulnerable populations globally. The funds will accelerate Green Pay's expansion into stablecoin integration and environmentally friendly payment infrastructure, increasing accessibility for the unbanked. As part of the transaction, Deltec and Green Pay are collaborating to launch a dedicated U Card exchange channel, slated for launch in the second quarter of 2025. This innovative feature allows users to instantly convert their U Card balance or GC tokens into US dollars or other stablecoins (such as USDT) with no fee caps and support transfers to over 140 countries. These services are available at Deltec Bank's local branches in the Bahamas or through its secure online platform.
"Deltech Bank's investment in Green Pay represents a strategic fit between our expertise in digital asset management and Green Pay's vision of low-barrier-to-access green payments," said Omeed Malik, Chairman of Deltech Bank & Trust. "We process billions of dollars in stablecoin transactions through our robust cryptographic infrastructure, ensuring compliance, efficiency, and security. This partnership will enable millions of underserved individuals to seamlessly participate in the global economy."
Green Pay, known for its U-Card—a versatile digital wallet that facilitates sustainable transactions—will leverage this investment to expand its operations and integrate advanced stablecoin functionality. The U-Card exchange gateway is designed to enable seamless conversions, allowing users to exchange digital assets for fiat or stablecoins in real time. This move underscores both companies' commitment to financial inclusion, particularly in regions with limited banking services. Deltatec Bank's crypto-friendly approach positions it as a leader in the Bahamas' burgeoning digital economy. With a track record of processing large-volume stablecoin transactions and digital asset exchanges, Deltatec Bank brings unparalleled expertise. The bank's infrastructure has managed tens of billions of dollars in stablecoin transactions while adhering to strict regulatory standards and prioritizing user privacy and transaction speed.
For Green Pay, this investment comes at a critical time as the company seeks to expand its payments ecosystem. "Partnering with Deltatec Bank allows us to accelerate our mission of creating a greener, more inclusive financial world," a Green Pay spokesperson said. "The $30 million injection will drive innovation in stablecoin adoption and cross-border payments, making everyday transactions more accessible and environmentally friendly." This partnership is expected to set a new benchmark in the fintech sector, combining Deltatec Bank's regulatory advantages with Green Pay's user-focused technology. Industry analysts predict that this move will catalyze wider adoption of stablecoins in emerging markets, where over 1.7 billion people remain unbanked. As the digital financial landscape evolves, Deltatec Bank and Green Pay are poised to lead the charge towards a fairer and more sustainable payments future. For more information on the U Card and upcoming services, please visit the Green Pay platform.
About Deltatech Bank & Trust: Deltatech Bank & Trust is a leading private bank in the Bahamas, specializing in wealth management, digital assets, and innovative financial solutions. With crypto-friendly services at its core, Deltatech Bank supports stablecoin operations and has established itself as a trusted partner in the global blockchain ecosystem.
About Green Pay: Green Pay is a fintech innovator dedicated to sustainable payment solutions. Through products such as the U Card and GC Token, the company provides environmentally friendly digital wallets and transaction tools, enabling secure and low-cost financial access for users worldwide.
