NewNet and Edisol Jamaica Forge Partnership to Revolutionize Payment Systems in Jamaica

NewNet Secure Transactions has entered into a strategic partnership with Edisol-Electronic Data Interface Solutions Limited Jamaica to introduce its Total Control STG systems for secure payment routing in Jamaica. This collaboration marks a pivotal step towards modernizing the payment infrastructure in the region, offering both merchants and consumers a faster, more secure transaction experience. The initiative leverages NewNet's robust payment platform, which accommodates a variety of payment methods including In-Store POS, Ecommerce, and Mobile payments, ensuring versatility and security across all transaction types.

The deployment of NewNet's payment system in Jamaica is a testament to the country's growing digital economy. With the capability to process up to 21 million peak hour transactions and perform over 100,000 cryptographic operations per second, the system is engineered to support businesses of all sizes. Krishna Viswanadham, CEO of NewNet Secure Transactions, underscored the partnership's role in bolstering payment security and reliability in Jamaica, highlighting the system's scalability and efficiency.

Edisol-Electronic Data Interface Solutions Limited Jamaica is instrumental in this venture, contributing its expertise to facilitate the seamless implementation of NewNet's systems. Robert Lawrence, CEO of Edisol Jamaica, pointed out the significance of this partnership in driving the adoption of secure and efficient payment solutions not only in Jamaica but across the Caribbean. The collaboration is expected to deliver substantial benefits to the acquiring bank in Jamaica, including operational efficiencies and enhanced security protocols.

Beyond immediate improvements to the payment infrastructure, this partnership lays the groundwork for future advancements in digital payments, such as Central Bank Digital Currency (CBDC) and Open Banking. For further details on NewNet Secure Transactions and their innovative payment solutions, visit https://www.newnet.com. Information about Edisol-Electronic Data Interface Solutions Limited Jamaica is available at their official website.