CENTRAL BANK ISSUES FIRST PRIVATE MOBILE MONEY LICENSE—07/27/13
The mobile-money product of the Jamaica Co-Operative Credit Union League (JCCUL) has received approval from the Bank of Jamaica (BOJ), the first license for such a product issued by the bank. The product is designed to facilitate electronic bill payment, balance enquiries, and cell phone top-ups. The official approval was given via correspondence from the central bank on July 16, 2013. The mobile-money product is called the Jamaica Credit Union E-Payment Service (JCUES). Its potential market includes one million credit union members.
STRATEGIC ALLIANCE DEVELOPED BY CARIBBEAN TELECOM UNION—07/28/13
The Commonwealth Telecommunications Organization (CTO) in London and the Caribbean Telecommunications Union (CTU) have signed a Memorandum of Understanding to help their stakeholders use information and communication technologies more efficiently for development. The agreement combines the strengths of the Commonwealth and the Caribbean.CTO is the biggest and oldest ICT organization; its network comprises more than 40 countries.
NEW TECHNOLOGY FROM INTERPOL DETECTS FAKE TRAVEL DOCUMENTS—07/31/13
INTERPOL, the international police organization, has introduced a tool that will allow nations in the Caribbean to share information about fraudulent identity and travel documents. The new technology is known as Dial-Doc (Digital INTERPOL Alert Library Document). According to the police agency, it will make it easier for authorities in any of its 190 member nations to determine if a travel document is fraudulent by comparing it with global images of fraudulent documents.
CUBA OPENS FIRST SOLAR FARM—08/01/13
The first solar farm in Cuba has 14,000 photovoltaic panels located in a space carved from the jungle. The project has more than doubled the nation’s capacity toward more energy independence. Leaders in Cuba must consider renewable energy sources in the cash-poor country. According to Ovel Concepcion, director with Hidroenergia, the state-operated company, the solar energy farm represents the future for Cuba.