The Central Bank of Barbados, which owns and operates BiMPay, announced that the e-wallet is now available to customers of all six commercial banks.
Scotiabank has been using the BiMPay payment rail since the system went live in June to facilitate instant payments.
The system allows Barbados’ six commercial banks and three major credit unions to process payments 24 hours a day, 365 days a year, with transactions typically completed within seconds and recipients getting immediate access to their money.
