AGP Executive Report
Last update: 3 hours agoBiMPay Crackdown: Barbados’ Central Bank says the instant payments system has processed 750,000 transactions worth $1.3bn since launch, but early problems—late salary and pension payments, token access glitches, inconsistent spending limits and delayed transfers—are being pushed back onto financial institutions, with provisional credits and stricter standards now required. Fees for Businesses: BiMPay will stay free for individuals, but banks and credit unions may seek Central Bank approval to charge businesses from Sept. 15, after review and customer notice. CARICOM Reparations Push: The CARICOM Reparations Commission begins a four-day UK mission to build support for reparatory justice, led by Sir Hilary Beckles and including Barbados Ambassador David Comissiong. OECS Airline Call: Antigua and Barbuda PM Gaston Browne renews the push for an OECS airline, citing hours-long delays and missed connections that disrupt regional business and travel. Regional Security Tech: The US and CARICOM’s IMPACS sign a biometric data-sharing arrangement aimed at screening travellers, with a focus on citizenship-by-investment risks. Local Crime: Police investigate the fatal shooting of 21-year-old Cammeron Ifill in Christ Church, as calls grow for tougher action on gun violence.
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