Republic Bank Limited has agreed to acquire a 19.99 percent equity stake in Caribbean FinTech Nobis BaaS Limited, a subsidiary of WiPay Holdings Limited, subject to regulatory approval.

Republic Bank’s relationship with Nobis BaaS will supplement its traditional banking operations with innovative, user-friendly FinTech products that will enhance the customer experience, generate new business and drive revenue growth.

The move is part of Republic Bank’s strategy to accelerate its efforts towards digital transformation, as it continues to boost its digital portfolio and bring first-to-market payment solutions to the digital consumer.

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