Payment methods in Guyana

South America

4methods

4banks

Digital Commerce market projected at US$366.9 million in 2024.

Market takeaways

Digital Commerce market projected at US$366.9 million in 2024.
Digital Payments market total transaction value projected at US$372.4 million in 2024, growing ~6.25% CAGR to US$474.6 million by 2028.
Internet penetration at ~52% in 2024, projected to reach 75% by 2030.
Government announced a national payment platform rollout with digital wallet expansion as a priority.
Economy is booming from oil revenues, with significant implications for middle-class growth and digital payment adoption.

Population

0.83M

Online population

~0.43M

B2C e-commerce

$0.37B

Banked population

~50%

Credit card population

~15%

Payment method breakdown

Cash55%
Card30%
Bank Transfer10%
E-Wallet5%
Other0%

Card scheme breakdown

Visa55%
Mastercard40%
American Express4%
Local Schemes1%
Other0%

Cross-border e-commerce

Market data coming soon.

Featured payment methods in Guyana

Popular options based on coverage and prominence in this market.

Visa / Mastercard

International card schemes are the primary digital payment method in Guyana, issued by the Republic Bank (Guyana), Demerara Bank, Citizens Bank Guyana, and Scotiabank Guyana. Card penetration is growing alongside the expanding middle class generated by oil revenues. Both debit and credit cards from Visa and Mastercard are accepted at major merchants in Georgetown.

PayPal / International Platforms

International e-wallet platforms including PayPal are available in Guyana for cross-border e-commerce transactions, particularly for purchases from US and global merchants. Digital assets and cryptocurrency adoption is also growing, with the Digital Assets market projected to show 23.14% revenue growth in 2025.

National Payment Platform (In Development)

Guyana's government fast-tracked plans for a national digital payment platform, with a commitment to expand access to digital wallets within a six-month timeline as part of a broader cashless economy initiative. When launched, this platform will provide interoperable instant payments across commercial banks and digital wallet providers, potentially transforming the currently cash-heavy payment landscape.

GTBank / Commercial Bank Digital Banking

Guyana's commercial banks — including Republic Bank, Demerara Bank, and Citizens Bank — offer mobile and internet banking platforms enabling interbank transfers and bill payments. The national banking system is being modernised as part of government efforts to support the rapidly growing economy. Mobile banking apps provide ACH-linked transfers and account management.