Square and Mastercard have partnered with the Falkland Islands government to deliver expanded possibility of card payments as part of their 'Connecting the Falklands' initiative.
The islands currently only have one cash machine and bank branch, while most shops have operated on a cash-only basis, meaning that paying by card or digitally has rarely been a viable option for residents and tourists.
Square and Mastercard will work with the Falkland Islands government to help small and medium-sized businesses on the islands to overcome the long-standing challenge of accepting card and digital payments.
The ‘Connecting the Falklands’ scheme came about when Mastercard connected the Falklands government to card payments provider Square. From here, the three bodies have looked to help sellers to access the bank accounts needed for payment settlements, as well as onboarding them onto Square’s ecosystem with mobile Square Readers. These allow them to take card and digital payments, as well as integrate Mastercard technology.
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