Payments/DM
Dominica
ISO DM · 2 schemes
Summary
- DCash ECCB CBDC with QR
- Pilot ended January 2024
- DCash 2.0 planned 2026
- ECCU member regional union
- Small economy 72K population
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 | National Bank of Dominica | State | NBD Mobile |
| 2 | First Caribbean | Regional | CIBC App |
| 3 | Republic Bank | Regional | Republic Mobile |
| 4 | AID Bank | Development | AID App |
Market Structure
- ECCB: Regional central bank
- DCash: CBDC implementation
- Small: 72,000 population
- Agriculture: Economic base
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
Financial Inclusion
- Limited banking access
- Rural population
- Digital solution needed
- Cash dominant
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
Adoption Context
- Small population base
- Limited merchants
- Cash preference
- Infrastructure challenges
Mobile payment apps
| App | Provider | QR | Features |
|---|---|---|---|
| DCash | ECCB | Yes | CBDC wallet |
| Bank Apps | Various | Limited | Banking |
DCash Wallet Features
- P2P transfers
- Merchant payments
- QR scanning
- No bank account needed
- Free transactions
Hurricane Recovery
- Maria 2017 devastation
- Infrastructure rebuilt
- Digital resilience focus
- Payment modernization
Schemes
| Scheme | Type | Symbology | Adoption | Technical standard |
|---|---|---|---|---|
| DCash QR | CBDC | ECCB | Ended | dcash |
| Bank transfers | Wire | SWIFT | Active | — |