Payments/GY
Guyana
ISO GY · 3 schemes
Summary
- MMG first mobile wallet (GTT)
- WiPay regional gateway
- OnePAY payment processor
- NFC/QR growing adoption
- Oil boom driving digitization
Banking landscape
Central Bank
- Name: Bank of Guyana
- Website: https://www.bankofguyana.org.gy/
- Role: Monetary policy, financial regulation
Major Banks (2024)
| Rank | Bank Name | Type | Digital Platform |
|---|---|---|---|
| 1 | Republic Bank Guyana | Regional | Republic App |
| 2 | Demerara Bank | Local | DB Mobile |
| 3 | Citizens Bank | Local | Citizens App |
| 4 | Scotiabank Guyana | International | Scotia App |
| 5 | GBTI | Local | GBTI Mobile |
Market Structure
- MMG: Mobile money leader
- WiPay/OnePAY: Payment gateways
- Oil economy: Driving growth
- Cash dominant: Still primary
Payment infrastructure
National Payment Systems
| System | Operator | Type | Status |
|---|---|---|---|
| MMG | GTT | Mobile wallet | Active |
| WiPay | WiPay | Payment gateway | Active |
| OnePAY | Private | Gateway | Active |
| Card networks | Visa/MC | Cards | Active |
MMG Platform
- Guyana Telephone & Telegraph
- First mobile wallet
- USSD technology
- Password protected
- No monthly fees
Payment Gateway Growth
- WiPay Caribbean expansion
- OnePAY local processor
- International integration
- Real-time conversion
QR code standards
QR Payment Status
| Attribute | Value |
|---|---|
| Standard | Emerging |
| Providers | MMG, WiPay |
| Adoption | Growing |
| Trend | NFC + QR rising |
MMG+ Features
- Electronic wallet
- QR code payments
- P2P transfers
- Bill payments
- Phone top-ups
Gateway QR
- WiPay QR enabled
- OnePAY integration
- Merchant adoption
- Cross-border capable
Mobile payment apps
| App | Provider | QR | Features |
|---|---|---|---|
| MMG+ | GTT | Yes | Full wallet |
| WiPay | WiPay | Yes | Gateway |
| OnePAY | Private | Yes | Processing |
MMG+ Features
- Speedy, secure, simple
- No monthly fees
- USSD fallback
- WhatsApp sharing
- Secure platform
Oil Economy Impact
- Rapid GDP growth
- Fintech investment
- Infrastructure development
- Digitization push
Schemes
| Scheme | Type | Symbology | Adoption | Technical standard |
|---|---|---|---|---|
| MMG QR | Mobile wallet | GTT | Active | mmg |
| WiPay | Gateway | Caribbean | Active | — |
| Bank transfers | Wire | Banks | Active | — |
Sources
Full country report
Schemes
Standards
Primary · 1
Mentioned · 1