Barbados, an island nation in the Caribbean, has a sophisticated financial system with a strong emphasis on digital payments, mobile banking, and online transactions. The country is also seeing a rise in the use of contactless payments and digital wallets. Barbados’ payment system demonstrates a shift towards digitalization, with credit and debit cards (Visa, Mastercard) widely accepted, particularly in tourism-related businesses and urban centers. Online banking and electronic transfers are increasingly used for various transactions. While cash remains relevant, especially in smaller businesses and informal markets, its overall prevalence is gradually decreasing. Mobile money solutions are emerging, reflecting efforts to enhance financial inclusion.
Estimated Population
287,000
Currency
Barbadian dollar (BBD)
All supported payment methods for Barbados:
Google Pay, Visa, Mastercard, American Express, JCB, UnionPay International, Discover, Diners Club, Apple Pay, PayPal, MaestroPopular payment methods
Google Pay
Wallets
Google Pay empowers businesses to offer a fast, secure, and convenient mobile payment experience, attracting a wide range of customers.
Mastercard
Credit/Debit Cards
Unlock a world of payment possibilities with Mastercard, a trusted global leader in secure and convenient transactions
American Express
Credit/Debit Cards
Elevate your business with American Express, a premium payment network that attracts discerning customers and drives higher-value transactions.
JCB
Credit/Debit Cards
JCB is a leading international payment network, offering a unique opportunity for businesses to reach a growing customer base, especially in Asia-Pacific.
UnionPay International
Credit/Debit Cards
UnionPay is the world’s largest payment network, offering businesses the opportunity to tap into the vast Chinese market and beyond.
Discover
Credit/Debit Cards
Discover is a leading payment network that offers a unique combination of security, rewards, and customer service, making it an attractive option for businesses.
Diners Club
Credit/Debit Cards
Diners Club is a global payment network renowned for its premium services and exclusive benefits, offering businesses access to a discerning clientele.
Apple Pay
Wallets
Apple Pay offers businesses a convenient and secure way to accept payments from iPhone, Apple Watch, and Mac users, enhancing the customer experience and boosting sales.
