[vc_row][vc_column][vc_video link=”https://www.youtube.com/watch?v=0EJ_ViQkPkQ”][vc_empty_space height=”20px”][vc_column_text]EWN’s Theo Sealy speaks with Kanoo’s Chairman and Co-Founder Nicholas Rees on the importance of conducting cashless transactions as the world, including The Bahamas continues to combat the COVID-19 virus.
Take a look at the story that appeared in tonight’s newscast.[/vc_column_text][/vc_column][/vc_row]… Read the rest
[vc_row][vc_column width=”2/3″][vc_column_text]As the Central Bank of The Bahamas continues its rollout of its newest digital dollar, payment services providers (PSPs) say moving forward it is their hope to have the Sand Dollar fully integrated with their platforms, making it the currency of choice for Bahamians.
“The Sand Dollar application is really only a reference and what that means is, it’s not available for public consumption. We want to integrate the Sand Dollar into the Kanoo platform. We are working with the Central Bank’s professionals to making that happen and once that occurs you will then be able to see Kanoo and Sand Dollar operating seamlessly, such that Sand Dollar would fulfil its intended purpose, which is to act as a digital currency,” Kanoo Chairman and Chief Executive Officer Keith Davies said in an interview with Guardian Business.
“So, the physical paper dollar in your hand, Sand Dollar is the digital currency on your platform and that platform will be Kanoo. So that’s the way forward as it relates to digital currency and then it will become seamless in terms of transacting, using the Kanoo platform and the Sand Dollar.”
Davies’ company Kanoo participated in a staff onboarding event at the Central Bank on Monday.… Read the rest
[vc_row][vc_column width=”2/3″][vc_column_text]NASSAU, BAHAMAS – A Bahamian digital payments provider says this year it plans to expand significantly expand its merchant footprint as it highlights a number of enhancements and initiatives designed to get users acclimated to its app-based offering.
According to Keith Davies, chief executive and chairman of Kanoo, the country’s newest digital wallet told Eyewitness News Online that since the company’s formal launch on December 9, the company has attracted 1,100 users and more than 90 merchants.
Kanoo’s largest merchant partner is Super Value.
“We moved from concept and demonstration to actually being accountable to the individual user,” Davis said.
“We’re just shy of a month now since our formal launch and today we have over 1,100 users. The activity level and the interest level continues to grow.”
Davies credited Kanoo’s co-founders Nicholas Reess and Nathan Horn for setting the foundation for the company’s emergence.
He continued: “We started with Super Value which has 13 locations across New Providence. It is the place where you effectively onboard and this year will be able to onboard fiat current.
“From December 9th we have as many or more terminals and access points than any financial institutions in this country. We have over 90 merchants signed up to be in the ecosystem and we are going to be rolling them out with terminals and interface devices.… Read the rest
[vc_row][vc_column width=”2/3″][vc_column_text]More than 1,000 Bahamians have already downloaded the country’s newest digital payments mobile app, less than one month since it was formally launched.
On average, 70 to 100 new users download the Kanoo app every day, which was launched on December 9, Kanoo’s Chairman and Chief Executive Officer Keith Davies revealed.
“Formally we launched on December 9. We were in beta testing before and I can tell you that as of last night (Monday) we had 1,030 users on our platform. So, we see 70 to 100 users onboarding every day and persons are becoming more comfortable with it. We’ve seen several tens of thousands of transactions just at Super Value alone, and so that was our main vendor that we launched in,” said Davies.
Kanoo is one of a few digital wallet service providers that allow for cashless and cardless transactions with the country’s new digital currency.
Currently, Kanoo’s biggest merchant partner is Super Value.
“Just to make it very clear, Super Value is effectively our bank, because that’s where you can onboard your money onto Kanoo and in the new year you will be able to withdraw that money from Super Value,” Davies said.
“To give you a very real life example, at six o’clock in the evening you can walk into Super Value with $400, put it on your Kanoo app in your phone, you can then send $200 to somebody in Abaco or Freeport and they can walk over to, let’s say in Freeport Express Foodmart, which is one of our agents, and they can withdraw that money.… Read the rest
[vc_row][vc_column][vc_video link=”https://www.youtube.com/watch?v=OWqjFZIEn4s”][/vc_column][/vc_row]… Read the rest
[vc_row][vc_column][vc_video link=”https://www.youtube.com/watch?v=dzkV09bZD0Y”][/vc_column][/vc_row]… Read the rest
[vc_row][vc_column width=”1/3″][vc_column_text][/vc_column_text][/vc_column][vc_column width=”2/3″][vc_column_text]Hello Bahamas!
We are so proud to release our App to the Bahamian Public finally. It’s been a labour of love for the past 2+ years of building and refining our platform based on feedback from consumers and the business community. I believe we are well on our way to “Making Life Better for Bahamians.”
Kanoo is deeply rooted in Bahamian culture. Our name, Kanoo, is a derivative of Junkanoo, an expression that is uniquely Bahamian. From the rhythmic sounds to the colorful costumes, Junkanoo is the embodiment of what it means to be Bahamian. So, as a Bahamian company, Kanoo seeks to endorse and support our uniquely Bahamian spirit with its products and services.
As countries around the world move towards becoming cashless, Kanoo is ready to be at the forefront of the nation’s digital revolution by introducing Bahamians to this new technology.
Kanoo is a mobile digital payments platform that connects merchants and consumers safely, securely, and quickly. Our platform consists of three components: the App, the Point-of-Sale (POS), and the Audience Relationship Manager (ARM). Consumers use the App to interact with merchants in our ecosystem. Kanoo merchants use our POS to receive a customer’s digital payment and use the ARM to drive sales, increase awareness, and build customer loyalty.… Read the rest
[vc_row][vc_column][vc_video link=”https://www.youtube.com/watch?v=z-EPT_3ybVc”][/vc_column][/vc_row]… Read the rest
The company’s CEO, Keith Davies, says by “connecting merchants with consumers, Kanoo has been able to fulfill its vision of making life easier for Bahamians,” which he believes is critical for the country.
“Our beautiful county continues to recover and rebuild following the devastation Hurricane Dorian has left behind. Kanoo knows digital cash solutions on your phone can keep people connected to their funds in times of need. This insight has allowed our company to truly reflect on the meaning of our philosophy “Power to Prosper” during this time.”
“We recognize that no two people live their lives at the same pace, therefore, to deliver on our brand promise, we will ensure that Bahamians are always empowered to handle money at the speed of life.
“As consumers ourselves, we know that speed and efficiency are key to having a good shopping experience, and we are confident that we will deliver on our promise.”
[vc_row][vc_column width=”1/2″][vc_column_text]A Bahamian digital payments provider yesterday said it is aiming to sign up 2,000 merchants and half the country’s mobile phone users when it goes “fully live” before year-end 2019.
Keith Davies, Kanoo’s chairman and chief executive, told Tribune Business that its app-based product will ultimately be adopted “in every corner store in this country – big, small and medium – if we have our way and do this well”.
Revealing that Kanoo is now in the final “beta testing” stages, after spending some two years in development, Mr Davies said the FinTech (financial technology) start-up had received “overwhelming” support from all businesses for a concept that aims to provide an electronic “bridge” to consumers via their cell phones.
He added that Kanoo’s platform, which will first be rolled-out through Super Value’s 13 stores, aims to provide the Bahamian private sector with instant payment certainty while also eliminating the costs and risk associated with handling large amounts of cash.
Mr Davies said it will also provide “analytics” and data on how and when their consumers shop, and how much they spend, as well as allowing companies to communicate directly with them and offer incentives such as gift/loyalty cards.
From the consumer’s standpoint, he added that Kanoo will offer improved convenience, choice and access to financial services through the ability to instantly load money into an electronic wallet and conduct transactions.… Read the rest
