– In introducing cashless payment system in Guyana

-by Celestine Juan

Bank of Baroda is ready to take the lead in introducing a cashless payment system in Guyana as the country moves towards expanding digital financial services.

Managing Director and Chief Executive Officer of the Bank, Debadatta Chand, said the institution is committed to supporting the initiative.

“Following the understanding between India and Guyana, efforts are underway to facilitate a UPI-based payment capacity in Guyana. And we, Bank of Baroda are going to play an anchor role there,” he said.

Speaking at the opening of the new Bank of Baroda’s headquarters in Georgetown, Chand described digital payments as a major priority, not only for the Bank but also for the Guyana.

He noted that modern payment solutions could improve convenience, efficiency and access to financial services.

Beyond this, he said Bank of Baroda also sees significant opportunities to support other sectors of Guyana’s growing economy.

“In renewable energy, we see a significant opportunity, particularly in the rooftop solar system, the Green Energy Initiative, and also we want to strengthen our engagement with the small and medium enterprises, local businesses, companies operating in the oil and gas supply chain,” he explained.

Chand also announced plans to expand mobile and internet banking, and card services to meet growing customer demands.