Gumbs: New payment service law could help open door to PayPal, Revolut and others, Irion pushes local solution

St. Maarten's Finance Minister Marinka Gumbs stated that attracting international digital payment platforms like PayPal and Revolut requires establishing a proper licensing and supervisory framework. A new payment service law is deemed essential for this development. Concurrently, a local solution for payment services is also being advocated.