BimPay Launches Within a Month: Straughn Tells Bajan Business to Adopt the Central Bank Rails or Get Left Behind

Thu, 14 May 2026 00:00:00 +0000

Finance Minister Ryan Straughn told the Barbados Employers’ Confederation annual general meeting Wednesday that the Central Bank’s BimPay digital payment platform is launching in less than a month, and he urged the private sector to adopt it broadly rather than treating the rollout as optional.

The framing in Straughn’s remarks was unusual for a senior finance minister addressing a business audience. He pushed past the standard “we encourage adoption” language and into the territory of explicit policy intent. Widespread BimPay adoption, he said, would let businesses redirect time and capital away from the friction of moving through government offices — Barbados Licensing Authority, Barbados Revenue Authority — and toward growing operations.

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BimPay Launches Within a Month: Straughn Tells Bajan Business to Adopt the Central Bank Rails or Get Left Behind