Bank of Barbados

BiMPay Media Session Ahead of June 2026 Launch

The Central Bank of Barbados hosted an interactive media session on April 13, 2026, to educate journalists, talk show hosts, and communications students about BiMPay, the nation's new instant payment infrastructure launching June 12, 2026. Governor Kevin Greenidge presented BiMPay as the replacement payment system that will enable real-time, 24/7 transactions, supporting small businesses and advancing financial inclusion for unbanked populations. The Bank emphasized its approach mirrors successful instant payment implementations in other jurisdictions, including mandatory participation across financial institutions.

Phishing Threats Explained for BiMPay Instant Payments

The Central Bank of Barbados published an educational blog post on phishing threats in the context of BiMPay, the national instant payment system. The article features expert commentary from Anthony Harris, President of the ISSA Barbados Chapter, explaining what phishing is, common attack types, warning indicators, and recommended responses. The document aims to raise consumer awareness about protecting personal and financial information when using digital payment services.

Small Daily Decisions Erode Financial Strength Over Time

The Central Bank of Barbados published an educational blog post explaining how small daily purchases in the $15-$25 range compound into significant annual costs. The article uses the example of $20 daily non-essential spending totaling $7,300 annually to illustrate opportunity cost and encourage conscious financial decision-making among Barbadian consumers.