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, said Central Bank of Barbados Governor Dr Kevin Greenidge.

At a news conference in the bank’s Grand Salle on Monday, he acknowledged that, as expected, several “teething issues” were experienced along the way, but that these either have been already rectified or will soon be.

On Saturday, hours after the system went live, hundreds of people took to social media outlining that they were experiencing difficulties in completing the registration process.