Summary
- DCash ECCB CBDC with QR
- Pilot ended January 2024
- DCash 2.0 planned 2026
- Twin-island federation
- CBI pioneer citizenship program
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 |
St. Kitts-Nevis-Anguilla National Bank |
Local |
SKNA Mobile |
| 2 |
First Caribbean |
Regional |
CIBC App |
| 3 |
Bank of Nevis |
Local |
BON Mobile |
| 4 |
Republic Bank |
Regional |
Republic App |
Market Structure
- ECCB: Regional central bank
- DCash: CBDC implementation
- CBI: Major revenue source
- Tourism: Economic driver
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
Twin-Island Structure
- St. Kitts main island
- Nevis federated island
- Separate bank: Bank of Nevis
- Unified currency
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
Banking Innovation
- SKNA Bank digitization
- Mobile banking apps
- Online services
- ATM network
Mobile payment apps
| App |
Provider |
QR |
Features |
| DCash |
ECCB |
Yes |
CBDC wallet |
| SKNA Mobile |
SKNA Bank |
Limited |
Banking |
| Bank of Nevis |
BON |
Limited |
Banking |
DCash Wallet Features
- P2P transfers
- Merchant payments
- QR scanning
- No bank account needed
- Free transactions
Economic Context
- CBI program revenue
- Tourism sector
- Services economy
- High income per capita
Schemes
Sources
Full country report
KN-saint-kitts-and-nevis.md