Deltec Bank & Trust, a leading crypto-friendly bank headquartered in The Bahamas, has announced a landmark $30 million strategic investment in Green Pay.Green Pay is an innovative fintech company focused on sustainable and inclusive payment solutions. This investment marks Deltec Bank's bold entry into the stablecoin and digital payment ecosystem, aiming to bridge traditional finance with blockchain technology to serve underserved populations globally. The funds will accelerate Green Pay's expansion in stablecoin integration and eco-friendly payment infrastructure, enhancing accessibility for the unbanked. As part of the deal, Deltec Bank and Green Pay will collaborate to launch an exclusive exchange channel for the U Card, set to go live in Q2 2025. This innovative feature allows users to instantly convert U Card balances or GC Tokens into USD or other stablecoins (such as USDT), with no fee caps, and supports transfers to over 140 countries. Users can access these services at Deltec Bank's local branches in The Bahamas or through its secure online platform. "Deltec Bank's investment in Green Pay represents a strategic alignment of our expertise in digital asset management with Green Pay's vision for low-barrier green payment access," said Omeed Malik, Chairman of Deltec Bank & Trust. "We have processed billions of dollars in stablecoin transactions through our robust crypto infrastructure, ensuring compliance, efficiency, and security. This partnership will empower millions lacking traditional banking services to participate seamlessly in the global economy."Green Pay, renowned for its U Card—a multifunctional digital wallet promoting sustainable transactions—will leverage this investment to expand operations and integrate advanced stablecoin features. The U Card exchange channel is designed for seamless conversions, enabling users to exchange digital assets for fiat or stablecoins in real-time. This initiative highlights both companies' commitment to financial inclusion, particularly in regions with limited banking services. Deltec Bank's crypto-friendly approach positions it as a leader in The Bahamas' thriving digital economy. With a track record in handling large-scale stablecoin transactions and digital asset exchanges, Deltec Bank brings unparalleled expertise. The bank's infrastructure has managed tens of billions of dollars in stablecoin transactions while adhering to stringent regulatory standards and prioritizing user privacy and transaction speed.For Green Pay, this investment comes at a pivotal moment as the company seeks to expand its payment ecosystem. "Our partnership with Deltec Bank enables us to accelerate our mission of creating a greener, more inclusive financial world," said a Green Pay spokesperson. "The $30 million infusion will drive innovations in stablecoin adoption and cross-border payments, making everyday transactions more accessible and environmentally conscious." This collaboration is expected to set new benchmarks in the fintech sector, combining Deltec Bank's regulatory strengths with Green Pay's user-oriented technology. Industry analysts predict this move will catalyze broader stablecoin adoption in emerging markets, where over 1.7 billion people remain unbanked. As the digital finance landscape evolves, Deltec Bank and Green Pay are poised to lead the transformation toward a more equitable and sustainable payment future. For more information on the U Card and upcoming services, visit the Green Pay platform.
About Deltec Bank & Trust
Deltec Bank & Trust is a leading private bank in The Bahamas, specializing in wealth management, digital assets, and innovative financial solutions. With a core focus on crypto-friendly services, Deltec 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 like the U Card and GC Tokens, the company provides eco-friendly digital wallets and transaction tools, empowering global users with secure, low-cost financial access.
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