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In the Dominican Republic, LAM Holdings expands its digital payment solutions to support financial inclusion

Santo Domingo, Dominican Republic - 2 Nov, 2021 - Financial inclusion and digital payments are inseparable in the 21st century. A concerted effort has been underway in The Dominican Republic since 2016 to achieve 100 percent inclusion by 2030. Among the companies providing a channel to assist with that goal is LAM Holdings. The company was founded with the mission of providing financial services to everyone while prioritizing debit cards and remittance services for the unbanked and underbanked.

With its digitally driven end-to-end payment solutions powered largely by debit card programs, LAM Holdings provides a range of payment solutions to businesses and consumers in multiple countries. Business clients can utilize the fast-growing Neo Bank and remittance services through its White Label Program, which was introduced last year. Mobile apps from LAM and/or physical Mastercard and Visa card programs simplify consumers' ability to use their own money. 

In addition to storing and exchanging currencies, their card programs offer the ability to load funds via direct deposit, bank transfer, or check deposit; contactless transactions; spend tracking and on-device statements; peer-to-peer transfers; rewards tracking; and microloans. All programs come with fraud protection, built-in security features, and text or email alerts. Cards are accepted in millions of locations across 210 countries and territories, as well as online

In the same vein, LAM's White Label Program lets businesses place their logo on a card and create their own technology platform to generate revenue, increase visibility and customer loyalty, or both. In these programs, commissions are paid, loyalty is rewarded, and compensation is distributed to their own customers, agents, and affiliates. As an alternative to traditional payroll programs and investment advisory services, these programs are also cost-effective.

In order to achieve financial inclusion for all, digital payments are the way forward, and LAM is delighted to play a role in making that happen in the Dominican Republic. We envisioned a financial revolution when we started our company, but technology has allowed it to become a reality. Only financial freedom can expand people's quality of life opportunities. With sophisticated and secure digital tools, expertise in regulatory compliance and security, and a long history in banking and financial services, LAM provides debit and remittance to help provide that.

About LAM Holdings Inc.

Lam Holdings Inc. is an independently owned card issuing affiliate and payments facilitator providing innovative and cost-effective payment solutions to many of today's high-profile Fintech and Crypto organizations. With 100 years of combined card acquiring and card issuing experience, LAM enables Fintech companies to discover breakthrough innovations through strategic and advanced technology that allows them to achieve a fully customized prepaid solution. LAM's core focus is on debit card and remittance programs through the use of forward-looking technology for the unbanked and underserved, and white label programs for companies who want to showcase their brands while offering customers and employees alternatives to traditional money management. 

Media Contact
Company Name: LAM Holdings Inc.
Contact Person: Alessandro Dos Santos
Email: Send Email
Phone: 18338530322
Address:Av. Ejército Nacional Mexicano 453, Chapultepec Morales, Granada, Miguel Hidalgo, 1
City: 1520 Ciudad de México
State: CDMX
Country: Mexico

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