Economy

New national instant payment system BiMPay is “working well”, as nearly $8m passed through more than 20 000 transactions in two days of operations despite some users experiencing registration challenges, …

A strong and targeted change in private investment is urgently needed to curb the Caribbean’s rising food import bill and drive long-term economic transformation, agriculture minister Dr Shantal Munro-Knight has …

The National Insurance and Social Security Service (NISSS) will be incorporated into BiMPay in its second phase, allowing pensioners and other contributors quicker access to their funds. Moments before BiMPay, …

The head of one of Barbados’ largest credit unions has welcomed the launch of the country’s new national instant payment system, BiMPay, while urging policymakers to address longstanding barriers that …

Barbados’ national instant payment system, BiMPay, has officially gone live, enabling individuals, businesses, and government agencies to send and receive money instantly, 24 hours a day, seven days a week. …

Barbados is tightening its regulatory framework to secure its standing as a reputable global business hub. To support those efforts, it has launched a major educational drive to prepare the …

Barbadians will face a brief overnight halt in interbank money transfers on Friday as the Central Bank switches national payment rails to the new BIMPay platform, with services set to …

Former Central Bank Governor, Dr Delisle Worrell has advised regional governments to prioritise good financial management if they want to achieve swifter growth. Dr Worrell offered the suggestion in his …

Despite Barbados’ strong focus on climate resilience, a new study has found that the island’s youth lag behind their regional counterparts in awareness of green and circular economy activities. The …