EL SALVADOR | Jotup

Continental Towers El Salvador Clarifies ‘Complete Separation’ from Past Employee and Individuals Facing Arrest Warrants

Retrieved on:

Tuesday, February 20, 2024

Consumer, Technology, Telecommunications, Mobile, Wireless, Networks, Internet, Hispanic, International law, Knowledge, News, Última Hora

In response to media reports this week of arrest warrants related to alleged unlawful conduct by a network of individuals in El Salvador and the region, the leadership of Continental Towers El Salvador is issuing the following statement to declare its position.

Key Points:

In response to media reports this week of arrest warrants related to alleged unlawful conduct by a network of individuals in El Salvador and the region, the leadership of Continental Towers El Salvador is issuing the following statement to declare its position.
Continental Towers El Salvador emphatically rejects any association with or knowledge of the alleged conduct of Gaitán Castro, Gaitán Paredes, or the other individuals under investigation.”
According to news outlet Ultima Hora on February 9th, arrest warrants have been issued against Gaitán Castro and Gaitán Paredes by the country’s Attorney General in connection with a criminal investigation involving high profile figures.
Operating since 2007, Continental Towers El Salvador is a leading provider of integrated telecommunications tower solutions.
View source version on businesswire.com: https://www.businesswire.com/news/home/20240220241567/en/

TerraPay and Banco G&T Continental Forge Strategic Alliance to Revolutionize Cross-Border Remittances

Retrieved on:

Wednesday, February 28, 2024

Banco, Economic development, Partnership, Bank

By joining forces with TerraPay, Banco G&T Continental gains access to a robust platform and extensive network that facilitate hassle-free cross-border transfers.

Key Points:

By joining forces with TerraPay, Banco G&T Continental gains access to a robust platform and extensive network that facilitate hassle-free cross-border transfers.
With this partnership, Banco G&T Continental can leverage TerraPay's expansive network to enhance the flow of remittances in Guatemala while improving accessibility to financial services.
"We are delighted to partner with Banco G&T Continental to drive innovation and efficiency in cross-border remittances," remarked Juan Luis Hernandez, Senior Country Manager - LAC Region at TerraPay.
Through this collaboration, TerraPay and Banco G&T Continental reaffirm their dedication to delivering unparalleled services while driving positive change in the financial landscape of Guatemala.

Empowering Underserved Communities: Paystand.org Unveils Innovative Blockchain and Bitcoin Initiatives in the U.S. and LATAM for Economic Growth and Financial Inclusion

Retrieved on:

Thursday, February 15, 2024

Paystand.org is rooted in Paystand’s mission: to decentralize the financial system, transforming businesses toward a better economy. The initiative addresses the serious challenges facing emerging economies globally in financial inclusion, including high inflation, lack of access to banking, burdensome service fees, long payment delays with too many intermediaries, and difficulty obtaining credit and capital. These underserved communities also deal with such issues as workers sending money back home and being hit with unfair charges as high as 6.8%. They also must wait days for their families to receive it -- showcasing a clear exploitation of the less fortunate by the financial system.

Key Points:

The organization will harness the power of the Blockchain and emerging bitcoin circular economies to create financial opportunities within vulnerable and underrepresented communities.
Paystand.org is rooted in Paystand’s mission: to decentralize the financial system, transforming businesses toward a better economy.
These underserved communities also deal with such issues as workers sending money back home and being hit with unfair charges as high as 6.8%.
They also must wait days for their families to receive it -- showcasing a clear exploitation of the less fortunate by the financial system.

Jimmy John’s Announces Global Expansion Plan with Signing of International Franchise Agreements in Canada and Latin America

Retrieved on:

Wednesday, January 17, 2024

Retail, Restaurant, Bar, Food, Beverage, Multimedia, International, Environment, Inspiration, Paramount, Inspire Brands, Growth, Fast food

Today, Inspire Brands announced two international franchise agreements to bring Jimmy John’s, the largest owned-delivery sandwich brand in the United States, to Canada and Latin America, launching the brand’s global expansion plan.

Key Points:

Today, Inspire Brands announced two international franchise agreements to bring Jimmy John’s, the largest owned-delivery sandwich brand in the United States, to Canada and Latin America, launching the brand’s global expansion plan.
Jimmy John’s has reached agreements with two strong operators who both possess significant quick service restaurant experience and have established extensive footprints throughout Canada and Latin America.
While Jimmy John's is just embarking on its global journey, Inspire Brands is no stranger to international expansion.
Jimmy John's global expansion will be supported by Inspire's extensible, shared services platform and its international team, which has a wealth of experience managing and operating brands globally.

AM Best Affirms Credit Ratings of Seguros e Inversiones, S.A.

Retrieved on:

Friday, December 1, 2023

Professional Services, Data Analytics, Other Professional Services, Insurance, Finance, Consulting, Pressure, Acquisition, Risk management, Credit, Government, AM Best, Health, COVID-19, Bancassurance, Good, News, ALL, Pacifico Seguros

The outlook of these Credit Ratings (ratings) is stable.

Key Points:

The outlook of these Credit Ratings (ratings) is stable.
SISA’s risk-adjusted capitalization is supportive of its ratings, and its capital base was further strengthened further by the Seguros SISA SV acquisition.
For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best’s Credit Ratings .
For information on the proper use of Best’s Credit Ratings, Best’s Performance Assessments, Best’s Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Best’s Ratings & Assessments .

El Salvador's Crypto Landscape Set to Soar with NAKA's Self-Custodial Crypto Card (EMV)

Retrieved on:

Wednesday, November 8, 2023

Bitcoin, Tether, Card, Sale, Mastercard, SME, Friends, Blockchain, Dapp, EMV, Cryptocurrency, Movement, POS, Payment card, Financial services, Visa

As the first country in the world to adopt Bitcoin as legal tender, nearly 70% of El Salvador's population remains unbanked.

Key Points:

As the first country in the world to adopt Bitcoin as legal tender, nearly 70% of El Salvador's population remains unbanked.
The NAKA card seamlessly integrates with existing payment infrastructures, guaranteeing universal acceptance in line with EMV standard (Europay, Mastercard, and Visa).
Salvadorians can now send funds 24/7 via blockchain from anywhere in the world directly to the NAKA card and start spending it instantly, all with nearly zero costs.
Both the card and the scheme perfectly complement the NAKA POS Network already established in the country.

AM Best Assigns Credit Ratings to Aseguradora Agricola Comercial, S.A.

Retrieved on:

Wednesday, October 18, 2023

Insurance, Professional Services, ACSA, Good, AM Best, Credit, News, AM, ERM, Investment, ALL, Risk management

AM Best has assigned a Financial Strength Rating of B++ (Good) and a Long-Term Issuer Credit Rating of “bbb+” (Good) to Aseguradora Agricola Comercial, S.A. (ACSA) (El Salvador).

Key Points:

AM Best has assigned a Financial Strength Rating of B++ (Good) and a Long-Term Issuer Credit Rating of “bbb+” (Good) to Aseguradora Agricola Comercial, S.A. (ACSA) (El Salvador).
The outlook assigned to these Credit Ratings (ratings) is stable.
For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best’s Credit Ratings .
For information on the proper use of Best’s Credit Ratings, Best’s Performance Assessments, Best’s Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Best’s Ratings & Assessments .

CGTN: Ten years of development: How BRI grows from vision to reality

Retrieved on:

Tuesday, October 3, 2023

According to China's General Administration of Customs, the trade volume between the two countries in 2022 reached $1.892 billion, a year-on-year increase of 9.6 percent.

Key Points:

According to China's General Administration of Customs, the trade volume between the two countries in 2022 reached $1.892 billion, a year-on-year increase of 9.6 percent.
During a visit to Kazakhstan in September 2013, Xi delivered a speech of far-reaching significance at Nazarbayev University.
In 2016, the UN Development Program and the People's Republic of China signed an MoU on cooperation under the BRI.
China has pursued open, green, clean and high-standard cooperation to promote sustainable development and improve people's lives, and advanced high-quality Belt and Road cooperation.

CGTN: Ten years of development: How BRI grows from vision to reality

Retrieved on:

Tuesday, October 3, 2023

According to China's General Administration of Customs, the trade volume between the two countries in 2022 reached $1.892 billion, a year-on-year increase of 9.6 percent.

Key Points:

According to China's General Administration of Customs, the trade volume between the two countries in 2022 reached $1.892 billion, a year-on-year increase of 9.6 percent.
During a visit to Kazakhstan in September 2013, Xi delivered a speech of far-reaching significance at Nazarbayev University.
In 2016, the UN Development Program and the People's Republic of China signed an MoU on cooperation under the BRI.
China has pursued open, green, clean and high-standard cooperation to promote sustainable development and improve people's lives, and advanced high-quality Belt and Road cooperation.

Google and the Government of El Salvador announce multi-year partnership to digitally transform the country and advance technological development in Central America

Retrieved on:

Tuesday, August 29, 2023

SUNNYVALE, Calif., Aug. 29, 2023 /PRNewswire/ -- Google Cloud and the government of El Salvador announced today a multi-year agreement to support the country in its journey to become a technological hub in Central America. Based on mutually agreed upon conditions, Google Cloud plans to establish a legal entity and a Google Cloud office in the Republic of El Salvador, initiate a Google Distributed Cloud (GDC) instance for the country, which will bring infrastructure closer to where El Salvador's data is generated, and set up a Cloud Center of Excellence to offer technical guidance to businesses and organizations on how to achieve the greatest benefits from cloud technology and innovations.

Key Points:

El Salvador will be using Google Distributed Cloud (GDC) as the foundation for this transformation.
Google Cloud's delivery of GDC in El Salvador makes it the first Latin American government to benefit from this powerful cloud technology.
Google's global expertise combined with El Salvador's audacity is set to redefine the technological landscape," said Nayib Bukele, President of the Republic of El Salvador.
"We look forward to working hand-in-hand with El Salvador to foster technological development in Central America," said Google Cloud CEO Thomas Kurian.