Barbados will officially enter a new era of digital finance on June 12 with the launch of BiMPay, a national instant payment system designed to allow seamless, real-time transactions across banks, credit unions and other financial institutions, the Central Bank of Barbados announced on Tuesday.

The announcement was made during an internal launch and staff appreciation event, “Unlock”, held at the Courtney Blackman Grand Salle. The initiative, described as one of the most significant projects undertaken by the Central Bank in recent history, promises to deliver seamless, instant financial transactions across the country.

Deputy Central Bank Governor Michelle Doyle opened the proceedings by reflecting on the intense two-year journey that culminated in the creation of the platform.