A booking app built in Guyana has taken its first live MMG+ payment inside its own checkout, a G$5,000 salon deposit in Georgetown. The money settles into the salon's own merchant account. Square and Stripe do not operate in Guyana.
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The Guyana Development Bank opens on 5 October with US$100 million and application desks inside commercial banks. Its loans are in Guyana dollars, so an importer like Sankofa Global, which buys shea and cocoa butter from Ghana, must still buy US dollars to pay its supplier.
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Guyana's Fast Pay system, announced on 17 May 2026, and a seat in the CARICOM Payment and Settlement System (CAPSS) could cut charges like the 4 to 6% the IMF found in the Eastern Caribbean, helping firms trade outside oil.
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The central banks of Trinidad and Tobago, Barbados, the Eastern Caribbean and The Bahamas met a PAPSS team in Port of Spain on CAPSS, CARICOM's planned system for instant payments between member states in local currencies.
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