Island Pay and AF Holdings Group of Companies partner to Introduce Mobile Payment Solution in The Bahamas

NASSAU, The Bahamas, Oct. 18, 2018 (GLOBE NEWSWIRE) -- Island Pay, an electronic payment provider, and AF Holdings Group of Companies (AF Holdings Ltd.) are introducing a convenient and efficient digital solution that allows consumers to make electronic payments between themselves and Bahamian-based businesses.

Frank Svatousek, Island Pay’s President, said, “taking full advantage of the ease of doing business that electronic transactions provide, Island Pay’s platform gives its clients convenient payment and money transfer options in a secure digital environment.”

Svatousek further explains, “The Web-based and smartphone app interface, available for iOS and Android, offer clients full control of payments through a secure token that adheres to the highest standards of security, control and utility for its users. Additionally, our services are secured by a rigorous a KYC (Know Your Customer) registration engine that verifies the user’s identity and address to safeguard their transactions.”

Steve Haughey, Colina Holdings Bahamas Limited’s Chief Operating Officer said, “all of our companies will be able to utilize this tool to better serve our clients by adding cashless transactions to our service offering. Through the web and mobile applications, our clients will be able to make payments, withdraw from their policy loans (where applicable), receive dividends and initiate person-to-person money transfers along with a wide range of other services.”

Island Pay and AF Holdings Ltd.’s partnership is a bold and exciting venture offering convenient digital transaction methods to Bahamian residents regardless of their geographic location.

About Island Pay
Island Pay was founded in 2016.  The company recognizes the strong business case for mobile electronic money providers seeking to re-do the way consumers interact with payments, authentication and identity, especially in underserved areas of the globe. Before Island Pay, management co-founded Carta Worldwide and Mint Technology. Island Pay will have offices in Nassau and in Oakville, Canada. More information about Island Pay can be found on

About AF Holdings Group of Companies. AF Holdings Ltd. is the leading full service financial company in The Bahamas, offering integrated financial services to meet the investing needs of international and local clients. Its group of companies include; Colina Insurance Limited (Colina), CFAL, Ansbacher (Bahamas) Ltd., and Colina General Insurance Agency Limited (CGIA). Together, these companies provide a diverse spectrum of financial services designed to benefit both large and small investors including portfolio management, investment advice, wealth management, securities and foreign exchange transactions, insurance and banking, corporate and trust services.

For further Information contact:

Frank Svatousek, President
Island Pay


Arnette Ingraham, Communications Director