Guyana will soon begin rolling out its electronic payment system, scrapping its old paper method, as it yesterday formally clinched a US$6M loan from the World Bank.
‘Consumers benefit from more efficient financial intermediation by enhancing the quality and improving the cost-efficiency of all types of payments; wider availability and usage of payments instruments for consumers such as e-money and debit cards. Development of these instruments have great potential to reach the financially excluded,” a statement from the Ministry of Finance said.
An agreement was signed yesterday between Guyana and the World Bank, at the Ministry of Finance Head Office, for the Guyana National Payment System (NPS) Project.
