SAN JOSE, CALIFORNIA, July 26, 2022 – ArawakX, a securities exchange located in The Bahamas, announced its plans to evaluate new payment switch technology from Clear Purchase, a financial software technology firm in Silicon Valley.

Clear Purchase’s next generation payment switch technology will address the interoperability and security challenges currently facing banks and financial institutions. Scheduled for release in the first half of 2023, Clear Purchase’s proprietary technology will ensure the secure transfer of funds and other financial information across heterogeneous banking platforms and mobile wallets.

“We are very interested in evaluating Clear Purchase technology to help promote and accelerate financial inclusion in the Caribbean,” stated D’Arcy Rahming Sr., Chairman and CEO of ArawakX. “We believe that ArawakX will have a major opportunity to reduce its operational costs using Clear Purchase’s secure interoperability capabilities.”

“We designed Clear Purchase from the ground up so that everyone, regardless of income or geography, can transact business in an environment that is safe and transparent,” stated Nick Brown, Founder & CEO of Clear Purchase. “We hope Clear Purchase opens the door for people in both the Caribbean and throughout the world to easily and securely access the financial services they need.”

Doug Kryzan, CEO of CloudPro, stated “We are excited to provide integration services for Clear Purchase’s next generation payment rails and switch technology. Their advanced interoperability and security capabilities will usher in a new era of payment processing efficiency for financial institutions and mobile wallets while dramatically reducing transactional costs for consumers.”

Clear Purchase’s payment rails and infrastructure technology will seamlessly integrate with banking and financial platforms to securely facilitate financial transactions, resolve payment disputes and minimize payment fraud.

Clear Purchase is building payment rails specifically designed for developing countries to provide secure interoperability between mobile wallets, banks and financial institutions. Our payment switch facilitates a wide range of financial transactions, both large and small, with integrated purchase guarantees and dispute resolution. Clear Purchase is committed to building pathways to financial success for individuals and businesses throughout the world.

ArawakX is a securities exchange based in Nassau Bahamas that is committed to giving all people the opportunity to invest in companies they believe in and share in their success. We enable startups and established companies with high-growth potential to raise capital to grow their business. We support initiatives that promote financial inclusion and social justice through equal access to investment opportunities and capital. ArawakX is committed to become the world’s preferred securities exchange – applying insight, service quality and innovation to create sustainable growth for both companies and investors.

CloudPro provides strategic consulting and engineering services for cloud business transformation, migration and integration projects. We offer a comprehensive portfolio of cloud services that help drive innovation and accelerate the profits of our customers and business partners. Our knowledge of AWS, Azure, Google Cloud and hybrid-cloud solutions give our clients the world-class technical expertise they need to accelerate business innovation across their entire organization.

Clear Purchase

www.ClearPurchase.com
Nick Brown | Founder & CEO
Email: [email protected]
Telephone: +1 503 984 8247

This news release contains forward-looking statements and forward-looking information. All statements other than statements of historical fact may be forward-looking statements or information.