The Barbados Trust Fund Limited (BTFL) has welcomed the opportunity for its clients to access and use a mobile App and credit card services provided through a partnership with Cave Shepherd and Co. Ltd.
General Manager of the Fund, Gerry Amos, expressed this today at a joint-press launch with Cave Shepherd Card Services, at the Fund’s headquarters on the Harbour Road.
Calling it “a welcome attraction” for improving BTFL’s working methods in support of its digital transformation directive, Mr. Amos said: “The arrangement is indeed timely and instructive for the rest of the Barbadian business community, and gives credence to the notion that we are continuing to develop as a first class independent nation, capable of offering and delivering world class service and excellence, even at the micro level.”
The relationship with Cave Shepherd, which began in October this year, has thus far enlisted 62 clients into the partnership, at a value of BDS$263,000. It offers a digital loan disbursement channel that allows for flexibility, time-saving and an organized system of doing business for clients of the BTFL, and payments to and by clients are expected to be made easier.
Thanking the company, Mr. Amos said: “We are indeed elated that Cave Shepherd’s management team is reading from the same script that seeks to promote the well-being, advancement and prosperity of the thriving small business sector. We salute their unselfish gesture of partnership with the BTFL, and we hope that this will be replicated by other business entities. We will work genuinely to cascade such initiatives across the full ecosystem of the small and medium enterprises.”
Director of Cave Shepherd Card Services, Alison Browne-Ellis, said: “As a Cave Shepherd Card Mobile Partner, this group of Barbados Trust Loan Clients were granted access to the Cave Shepherd Card Mobile App, a digital customer point of sale solution that can be operated from the convenience of their mobile phone or preferred device.
“Functionality such as send and receive payment transfers, mobile payments, access to real time account balances and the ability to transfer funds from their Cave Shepherd Mobile account directly to their bank account are some of the features now available to these clients.”
She said too that having access to the pre-loaded Cave Shepherd Card, in order to purchase products and services locally, online or while abroad, will also make it easier for business owners to manage their time and focus on developing and growing their businesses.
Mrs. Browne-Ellis further noted that marketing opportunities had also been created for these clients “to aggressively market their businesses across our portfolio of over 35,000 active cardholders, using a variety of digital channels”.
And she stressed: “Recognizing the significance that the customer loan repayment process plays in the success of the Barbados trust loan programme, we are also pleased to announce that the Cave Shepherd Card Unit has been registered as an official loan repayment centre for the Barbados Trust Fund Limited.
“All existing clients can now make their loan repayments at our Bridgetown office starting this month, with other Cave Shepherd Card payment locations earmarked to come on stream.”