Barbados

BB · BRB · 052Latin AmericaBBD Bds$13 methods

Revised · 5 sources

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BiMPay, Barbados's national instant payment system, launches June 12, 2026.

~0.24M

online population

~85%

banked adults

~35%

credit card population

Mix Methods Behaviour Banks Sources Facts

Payment mix

share of e-commerce spend

CategoryLeading methodShare

CardVisa50%
Cash—25%
Bank Transfer—20%
E-WalletGoogle Pay5%
Other—0%

Methods in use

top 8 of 13 · by spend

MethodTypeShare

All 13 methods in Barbados →

Checkout behaviour

Electronic transfers grew over 700% since 2013; physical currency in circulation fell 41%.

mMoney is currently the leading digital wallet with ~20,000 consumers and 2,000 merchants.

Facts

ISO 3166: BB · BRB · 052
Region: Latin America
Population: 0.28M
Currency: BBD Bds$
Banked adults: ~85%
Methods live: 13
Banks covered: 14

Largest banks

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Mexico China United States United Kingdom

Sources

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