Central Bank urges financial institutions to address BiMPay issues

Banks ‘may charge’ biz for BiMPay transfers, kept free for individuals

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. “While we are onboarding and going through these things, w…

Central Bank working to resolve BiMPay issues

The Central Bank of Barbados is assuring Barbadians that it is working around the clock to resolve several issues with the newly launched instant payment system, BiMPay. Governor Dr The Most Honourable Kevin Greenidge said the Bank is collaborating with financial institutions to ensure BiMPay delivers the service the public was promised. The post Central Bank working to resolve BiMPay issues appeared first on Caribbean Broadcasting Corporation.

Central Bank urges financial institutions to address BiMPay issues

The Central Bank of Barbados is urging financial institutions to do more to fix the challenges, including the late payment of salaries and other delayed