Banks âmay chargeâ biz for BiMPay transfers, kept free for individuals
Business
Finance
July 14, 2026
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Come mid-September, some businesses may be charged by financial institutions to transfer fees through the new BiMPay platform, while individuals continue to access the service free of charge, the Central Bank of Barbados said on Monday.
Governor Dr Kevin Greenidge told reporters that banks and credit unions will be allowed to make requests to the Central Bank on charging businesses fees.
âWhile we are onboarding and going through these things, we have directed that no financial institution may charge any customer any BiMPay fee until September 15 â not individual, not a small business, not corporate.
Business
Finance
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