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February 25 2026

Payment Spayce and Sagicor Bank: Modernizing Payment Infrastructure with Multi-Ledger Systems

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Philip Share and Debra LePage from Payment Spayce emphasized how their modernized ledger architecture is key to enabling seamless, real-time, wallet-to-wallet transfers. Share and LePage explained that their system incorporates the latest cutting-edge frameworks and APIs, including ISO standards, the Swift new messaging standards, and blockchain technology.

For partners, fintechs and banks, this technology drastically simplifies integration and Payment Spayce pointed out that 85% of partners can now integrate using a simple configuration file, which eliminates the need to allocate significant developer resources. While traditional API integrations can take anywhere from a couple of hours in an emergency to two, three, or four months, whereas Payment Spayce’s new process involves sending a configuration file, uploading a few configurations, and the partner is immediately integrated.

A vital element of the new framework is its baked-in compliance and Payment Spayce has heavily invested in building out KYB (Know Your Business), KYC (Know Your Customer), AML (Anti-Money Laundering), and transaction monitoring, leveraging AI and machine learning to create a highly scalable and flexible system. The platform is designed for multi-ledger and multi-currency capabilities.

Payment Spayce’s primary focus is on cross-border, real-time payments at a fraction of the cost typically associated with traditional systems like Swift. They shine in speed, which they say is what customers value most, over pricing. Payment Spayce has an extensive global partner network, enabling them to push payments out to over 170 countries, with 90% of those having real-time access, though some real-time access may be subject to transactional caps.

This speed is particularly important for gig economy workers, vendors, and others who do not want to wait weeks for a payment. The Payment Spayce team recalled a 2019 pilot program with a U.S. domestic bank where gig economy workers were waiting upwards of 30 days for international payments. Initially, their system reduced the waiting time to two or three days through the Visa Direct Network. Now, they have fully transitioned to international real-time payments, marking a significant evolution in their service

Closing the discussion, George Thomas, Chief Executive of Sagicor Bank, stated that Sagicor intends to learn from the successes of faster payments and open banking, which serve as a foundation for future development. Thomas emphasized that Sagicor Bank aims to “leapfrog” the existing infrastructure in a way that is relevant to societal needs, committing the bank to be at the forefront of enabling and empowering society to achieve those objectives.

People In This Post

Philip Share

Philip Share

Payment Spayce
Lamin Jaiteh

Debra LePage

Payment Spayce
George Thomas

George Thomas

Sagicor Bank (Barbados) Limited

Companies In This Post

Payment Spayce
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