Summary
- DCash ECCB CBDC with QR
- Pilot ended January 2024
- DCash 2.0 planned 2026
- CaribPay digital payments
- ECCU member 8-nation union
Banking landscape
Central Bank
- Name: Eastern Caribbean Central Bank (ECCB)
- Website: https://www.eccb-centralbank.org/
- Role: Monetary policy for ECCU
Major Banks (2024)
| Rank |
Bank Name |
Type |
Digital Platform |
| 1 |
Antigua Commercial Bank |
Local |
ACB Mobile |
| 2 |
First Caribbean |
Regional |
CIBC App |
| 3 |
RBTT Bank |
Regional |
RBTT Mobile |
| 4 |
Eastern Caribbean AB |
Regional |
ECAB App |
| 5 |
Global Bank of Commerce |
Offshore |
GBC Online |
Market Structure
- ECCB: Regional central bank
- DCash: CBDC implementation
- Tourism: Economic driver
- Offshore: Banking center
Payment infrastructure
National Payment Systems
| System |
Operator |
Type |
Status |
| DCash |
ECCB |
CBDC |
Pilot ended |
| Bank transfers |
Banks |
Wire |
Active |
| Card networks |
Visa/MC |
Cards |
Active |
| ACH |
ECCB |
Clearing |
Active |
DCash CBDC
- Eastern Caribbean Central Bank
- QR code payments
- P2P, P2B, B2B
- Pilot ended January 2024
- DCash 2.0 planned 2026
Pilot Status
- Launched March 2021
- Discontinued January 2024
- Technical issues cited
- Relaunch planned
QR code standards
DCash QR
| Attribute |
Value |
| Provider |
ECCB |
| Type |
CBDC |
| Feature |
Scan to pay |
| Status |
Ended Jan 2024 |
DCash QR Features
- QR code scanning
- Instant settlement
- Zero transaction fees
- Mobile wallet based
- Cross-border ECCU
CaribPay
| Attribute |
Value |
| Provider |
CaribPay |
| Feature |
Digital payments |
| Market |
Caribbean |
| QR |
Supported |
Mobile payment apps
| App |
Provider |
QR |
Features |
| DCash |
ECCB |
Yes |
CBDC wallet |
| CaribPay |
CaribPay |
Yes |
Payments |
| Bank Apps |
Various |
Limited |
Banking |
DCash Wallet Features
- P2P transfers
- Merchant payments
- QR scanning
- No bank account needed
- Free transactions
Pilot Challenges
- Technical issues
- Low adoption
- Merchant reluctance
- Infrastructure gaps
Schemes
Sources
Full country report
AG-antigua-and-barbuda.md