Okechukwu Ihejirika

Acting Chief Operating Officer, Afreximbank Caribbean Office

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CARICOM payment system enters pilot phase across Caribbean

Oversees Afreximbank's CAPSS work in the region

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