Barbados is a sovereign island country in the Lesser Antilles. In 1966, Barbados became an independent state and Commonwealth realm. It is one of the most developed islands in the Caribbean and is a leading tourist destination. Link to external site : Website for Barbados |  |
| Wallets | |
| Development | Developed |
| Send or Receive |
Receive Register/Log In |
| GDP ($m) |
3,682.00 Register/Log In |
| HDI classification | Very High |
| Mobile Connections (m) |
0.366 Upgrade to Bronze |
| Currency | BBD |
| Class | |
| CountryISO | BB |
| Sovereignity | Country |
| Territory of | - NA - |
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{"type":"PieChart","data":[["Operator","Connections"],["LIME (Cable & Wireless)",207656],["Digicel",158186]],"options":{"title":"Connections","is3D":true}}
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| Channel Analysis |
No data to report Upgrade to Bronze |
| COT Analysis |
No data to report Upgrade to Bronze |
| Persona Analysis |
No data to report Upgrade to Bronze |
| Products |
No data to report Upgrade to Bronze |
| PI Analysis |
No data to report Upgrade to Bronze |
| Central Bank | |
| Key Regulations | |
| Type of law |
Common Upgrade to Bronze |
| Legal System |
English common law; no judicial review of legislative acts Upgrade to Bronze |
| Law is based on |
Based on English common law Upgrade to Bronze |
| Approach | |
| Sectors active in Digital Money | |
| Exclusivity | |
| Certainty | |
| Openness | |
| Proportionate? | |
| Allowed Models |
Bank Led Upgrade to Bronze |
| DominantModel |
Bank Led Upgrade to Bronze |
| E-Money | |
| Payment | |
| Agent | |
| Money Transfer | |
| Taxation |
{"type":"Gauge","data":[["Label","Value"],["Mobile Penetration",132.56],["Banked",56],["Internet",95],["Urban",39],["Adult",82],["Literate",99.7]],"options":{"scaleHeight":0.5,"min":0,"max":100,"redFrom":76,"redTo":100,"yellowFrom":26,"yellowTo":74}}
| Population m | 0.29 |
| Adult % | 82.00 |
| Migrants % |
9.00 Register/Log In |
| Stock Immigrants ('000) |
28.10 Upgrade to Bronze |
| Emigration Rate % |
29.80 Upgrade to Bronze |
| Internal Migrants ('000) |
90.00 Upgrade to Bronze |
| Internal Migration Rate % |
31.10 Upgrade to Bronze |
| Intl Movement Rate % |
36.60 Upgrade to Bronze |
| Urban % | 39.00 |
| Female % | 60.10 |
| Literate % | 99.70 |
| Annual Growth % |
| Mobile Penetration % | 132.56 |
| Banked % | 56.00 |
| Access to FS % | 56.00 |
| Internet % | 95.00 |
| Branches per 100k adults | 0.00 |
| ATMs per 100k adults | 0.00 |
| POS per 100k adults | 0.00 |
| Prepaid % | 87.00 |
| Prepaid SIM Registration | |
| MobileUnbanked (m) | 0.13 |
| Monthly ARPU |
12.18 Upgrade to Bronze |
| Cards 2010 ('000) | |
| Propensity % |
| Overall | |
| Population | |
| On Remittance Sent | |
| On Remittance Received | |
| Mobile Unbanked | |
| Migrant % | |
| MP % | |
| Banked % | |
| Development |
| Can Provide Payments? | |
| Can Market under Brand? | |
| Can issue E-Money? | |
| Can Open Customer Account? | |
| Can Own Customer? | |
| Can do Cash In/Cash Out? | |
| Can offer Domestic Money Transfer? | |
| Can offer International Money Transfer? |
| Importance for Digital Money | |
| Digital Money Adoption |
Medium Term Upgrade to Bronze |
| Registered Wallet Users | |
| Top Wallets |
FirstCaribbean Intl Bank Upgrade to Bronze |
| Informal Market | |
| Cost To Remit | |
| Key Players |