Could Guyana Become The Financial Capital Of The Caribbean?
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Guyana is making major changes to its banking system that could reshape how money moves across the Caribbean.
The country has launched Fast Pay, a new real-time payments platform, is integrating with India’s massive UPI network, and has licensed new international banks, including Citibank, to operate in its market.
Could Guyana become the Caribbean’s next major financial hub?
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Or the nature capital of the world
Nice
Be careful, Trump is watching! Shut up and develop your country!
Im starting to think this another propaganda YouTube channel paid by the evil and Corrupt PPP. The PPP is all about branding and marketing. They are never good at executing amd delivering.
Go Guyana,Go PPP/CIVIC Forever.
Way to go Guyana,keep on keeping on,bring back Chase Manhattan Bank too,❤❤❤❤❤❤❤❤❤from New York, God bless.
Keep dreaming about Guyana you losers
So
I am guyanese. First of all I will not be using this system. I do not trust the indian payment systems. Guyana will not be a financial powerhouse because the ppp government has no fix the most fundamental problems. I will not mention them. No one is paying attention to the famine that is coming. I do not care how much financial power you have. When food becomes scarce then nations will not trade because the local populations will riot. What is coming will hit the world like a freight train. I am the only person that can fix guyana is it is not through usury. The ppp government does not have the brains to really build guyana on a strong foundation. Lets us wait and see what happens.
There are a ton of eyes on Guyana and diversifying the economy makes complete sense. A modern financial system requires digital payments and instead of reinventing the wheel by starting from scratch, it is much smarter to use what already works such as UPI from India. Smart move by Guyana that other CARICOM countries can learn from. Will Guyana become an offshore financial centre? Doubtful since way more goes into that, including the service providers, knowledge workers and all the right laws for trusts, general and limited partnerships, segregated companies and more.
The laws would have to go the extra mile to protect PROPERTY RIGHTS and privacy.
The judiciary would have to prove that they are ultra loyal and freindly to CAPITAL.
I doubt that may happen anytime soon.
Panama, cayman, bermuda, seychelles, delaware, NYC, london, wyoming
Are what they are because of the legal & taxation regulatory environment
Our banking sector could make several gains if this materializes in Guyana but given their track record over the years I just don't see it happening….at least not in my lifetime. In this day of modern electronic banking when transactions occur in real time, I fail to see why banks still require customers to wait days or even weeks to validate local or international transactions conducted the same day. It's bad enough charging outrageous service fees but holding back people's money so you can cream interest from it before making it available to them immediately is a big no-no
It Cannot the powers that be wont allowed it. Cayman will always be. Cayman is protected by UK
the corrupt government needs to focus on slashing the poverty rate in Guyana and stop enriching themselves with the oil money
You know that fintech instant payment solution you mentioned
Phone directly to another phone is common place in Africa for well over a decade
Kenya did it first back in 2008 called MPesa (Google it, might be the first globally) and that was before widest smartphones
Now they offer other financial services and microloans ect
This is why the caribbean shouldn't look down at Africa, because we can collaborate on many things…..