cash back, and more centered around a powerful digital wallet that consumers use to make cashless payments to merchants as well as instant person-to-person (P2P) transfers. Think RetailMeNot meets Cash App! Despite being established in St. Lucia, Penny Pinch does not intend to limit its growth to the subregion. Making prodigious strides in the Caribbean fintech industry, Penny Pinch is determined to impact the world during this pandemic and beyond.

The Penny Pinch mobile application enables users to simply top up their digital wallets using their debit/credit cards, then make physical purchases using their smartphones at any of the Penny Pinch partner merchants without any direct physical contact. Payments are made by a cashier simply scanning a QR code on a customer’s Penny Pinch digital wallet. “We are proud to be one of the few companies that present both an innovative and safe way for people to make payments. However with the Penny Pinch app, they still get to enjoy the physical experience of shopping but with a major Covid-19 high exposure risk eliminated which is the direct contact with cash or credit card to make payments when they're physically at a merchant" explains the Founder and CEO of Penny Pinch, Martin Hanna.

The app allows users to instantly send money to friends and family anywhere, anytime! Users can send and receive the money within seconds to anyone who has a Penny Pinch wallet.

To power its innovate platform, Penny Pinch has partnered with Digicel and a growing list of local and regional banks led by 1st National Bank who is proud to support local innovation with a firm belief that today’s startup businesses will be tomorrow’s regional powerhouses. Users who have an active data plan with Digicel benefit further by not consuming data while using the app. By using the Penny Pinch mobile application, shoppers will be able to pay for goods and services using only their smartphone devices - no cash required. "It's heartbreaking that we're currently experiencing so many unprecedented challenges due to this worldwide pandemic but I'm hopeful and I feel extremely blessed that we get the opportunity to launch this mobile program during this unfortunate time in hopes that this specific way of payment that we're providing will help curb the spread of the Covid-19 virus", explains Martin Hanna. "Things happen when they’re supposed to and I believe that we're launching at the right time."