Cross-border payment system
Appears in 1 story
Model for CAPSS; planned future link
A Barbadian business buying goods from Trinidad has long had to convert to U.S. dollars to pay. That hurdle is coming down. In October 2026, the CARICOM Payment and Settlement System (CAPSS) entered its pilot phase, allowing cross-border payments to settle in local currencies across 11 Caribbean jurisdictions.
Updated 2 hours ago
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