National Insurance fund reforms ‘underway amid long-term pressures’ Jenique Belgrave16/06/20260490 views The government and the National Insurance and Social Security Service (NISSS) are advancing a series of reforms to strengthen the National Insurance Fund’s (NIF) long-term sustainability, officials have said, after… Read more
Governor: BiMPay transactions will remain free Jenique Belgrave15/06/20260577 views Barbados will not transition to a cashless economy, the Central Bank governor said on Monday, moving to reassure the public even as digital payment systems rapidly reshape how people and… Read more
BiMPay moves nearly $8m in first weekend despite early issues Jenique Belgrave15/06/20260499 views 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,… Read more
Food security push hinges on private investment, Munro-Knight says Shamar Blunt15/06/20260125 views 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… Read more
NISSS moves to join BiMPay Jenique Belgrave14/06/202601.5K views 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,… Read more
BiMPay praised as credit unions call for further reform Shamar Blunt13/06/202601.1K views 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… Read more
BiMPay goes live: Barbados launches instant digital payments system Jenique Belgrave13/06/20260659 views 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.… Read more
Barbados gearing up to strengthen financial sector Ricardo Roberts11/06/20260460 views 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… Read more
Interbank transfers only to pause ahead of BIMPay launch Emmanuel Joseph09/06/202601.2K views 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… Read more
Dr Worrell: Proper financial management crucial for small countries Emmanuel Joseph08/06/2026037 views 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… Read more