Grenada, a small island nation in the Caribbean, is gradually embracing digital payments and mobile banking, although cash remains the dominant form of payment. The government is promoting financial inclusion and encouraging the use of digital financial services. Grenada’s payment system is characterized by a reliance on cash, with credit and debit cards (Visa, Mastercard) gaining acceptance, predominantly in tourist areas and larger businesses. Online banking and electronic transfers are gradually becoming more common, primarily driven by the need to facilitate tourism-related transactions. Mobile money adoption is limited. The relatively small size of the country and its dependence on tourism shape the characteristics of the payment system.
Estimated Population
114,000
Currency
Eastern Caribbean dollar (XCD)
All supported payment methods for Grenada:
Visa, Mastercard, American Express, JCB, UnionPay International, Discover, Diners Club, Apple Pay, Google Pay, PayPal, MaestroPopular payment methods
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.
Google Pay
Wallets
Google Pay empowers businesses to offer a fast, secure, and convenient mobile payment experience, attracting a wide range of customers.
