{"id":28961,"date":"2026-03-23T21:25:34","date_gmt":"2026-03-24T01:25:34","guid":{"rendered":"https:\/\/ncnguyana.com\/2023\/?p=28961"},"modified":"2026-03-23T21:25:34","modified_gmt":"2026-03-24T01:25:34","slug":"national-payment-platform-to-be-launched-in-six-months-president-ali","status":"publish","type":"post","link":"https:\/\/ncnguyana.com\/2023\/national-payment-platform-to-be-launched-in-six-months-president-ali\/","title":{"rendered":"National payment platform to be launched in six months &#8211; President Ali"},"content":{"rendered":"<div id=\"fb-root\"><\/div>\n\n<p>In a matter of months, Guyana will have a fully operational national payment platform and universal access to digital wallets.<\/p>\n\n\n\n<p>This was announced by President Dr Mohamed Irfaan Ali during the official opening of the Demerara Bank Limited Betervewagting, East Coast Demerara branch on Monday. <\/p>\n\n\n\n<p>The president highlighted Guyana&#8217;s rapid shift toward a cashless economy aimed at increasing transparency and reducing the security risks associated with physical currency.<\/p>\n\n\n\n<p><strong><em>&#8220;In the next six months, I will also advise the governor of the central bank that we\u00a0must be in a position that a national payment platform must be fully operational, and we\u00a0must have access to digital wallets at a national level and at a national scale,&#8221; <\/em><\/strong>the president stated. <\/p>\n\n\n\n<p>He noted that Demerara Bank is expected to launch its own integrated digital wallet for customers in as little as four to six weeks.<\/p>\n\n\n\n<p>President Ali reminded that the government is actively building the necessary infrastructure to ensure supermarkets and retail outlets are equipped to accept phone-based payments. <\/p>\n\n\n\n<p>&#8220;That is where we are going, and that is where the country is heading,&#8221; he emphasised. <\/p>\n\n\n\n<p>This digital transition is part of a broader strategy to modernise the financial sector, which has already seen significant growth. <\/p>\n\n\n\n<p>According to the President, Demerara Bank alone processed over 50,000 new electronic accounts and facilitated $50 billion in electronic transactions over the last nine months, signaling a massive shift in how Guyanese interact with money.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In a matter of months, Guyana will have a fully operational national payment platform and universal access to digital wallets. This was announced by President Dr Mohamed Irfaan Ali during&hellip;<\/p>\n","protected":false},"author":1,"featured_media":28962,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[361,350,474,364],"tags":[488,836,835,837,370,838,412,405],"class_list":["post-28961","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-and-economy","category-news","category-private-sector","category-technology","tag-488","tag-banking-sector","tag-demerara-bank","tag-digital-wallet","tag-guyana","tag-national-payment-platform","tag-ncn-guyana","tag-ncn-news"],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/posts\/28961","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/comments?post=28961"}],"version-history":[{"count":1,"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/posts\/28961\/revisions"}],"predecessor-version":[{"id":28963,"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/posts\/28961\/revisions\/28963"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/media\/28962"}],"wp:attachment":[{"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/media?parent=28961"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/categories?post=28961"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/tags?post=28961"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}