LiteLink Technologies Inc (CSE:LLT) (OTCMKTS:LLNKF) announced Thursday that its subsidiary uBUCK Technologies SEZC will sell prepaid debit cards to Deltec Bank & Trust Limited customers.
Under a Strategic Alliance Agreement, LiteLink said its subsidiary will sell uBUCK prepaid debit cards from the uBUCK platform to Deltec’s bank and investment account customers.
Deltec will also integrate and market the uBUCK prepaid debit card into the Deltec digital wallet and exchange relationships as well as private banking contacts, according to a statement.
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Headquartered in The Bahamas, Deltec is a diversified independent financial institution that offers its global clients the unique combination of institutional expertise, bespoke solutions, and highly attentive service.
“We are very excited to enter into a strategic partnership with Deltec, a highly regarded financial institution with a range of private banking and fiduciary expertise,” said uBUCK CEO James Youn. “This partnership opens up uBUCK to a large network of financial services providers across the globe.”
The phases of the strategic commercial relationship between uBUCK and Deltec will include providing prepaid debit cards to their existing bank and wealth management clients and marketing the card program to regional private-bank networks in the Caribbean, South America, Asia and Europe. Also included is a technology platform that links the cards and creates dedicated white label card programs to Deltec’s existing digital asset exchange clients.
Based in Georgetown, Cayman Islands, uBUCK Technologies specializes in digital payments and wallets. uBUCK Pay, its online payments platform and pin voucher solution, offers consumers, businesses and merchants a fast, commission-free and secure alternative to traditional payments.
LiteLink Technologies, based in Burnaby, British Columbia, develops enterprise platforms that use artificial intelligence, blockchain, and predictive analytics to solve outdated technology problems in the logistics and digital payment industries.
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