4th Growth and Resilience Dialogue with Social Partners Presentation

Eastern Caribbean Central Bank

Key Messages

Secure, affordable and accessible payment and settlement system promotes development, supports financial stability and helps expand financial inclusion.

Studies have shown that significant savings can be obtained in transitioning from cash and paper based to electronic payment instruments.

There is need to improve the convenience and safety as well as promote innovation in the payment

systemand in particular the retail segment.

Many payment systems around the globe are undergoing fundamental changes to reflect the new

realities of digital commerce.

Collaboration is needed between all vested and interested parties to modernise and develop the payment system for the benefit of the ECCU region.