# Guyana — payment codes and schemes

> Source: https://docs.barcoder.ai/docs/payments/GY
> extracted at 2026-10-03
> Publisher: Barcoder — encyclopedia of QR, barcode and payment-code standards

## Summary

- **MMG** first mobile wallet (GTT)
- **WiPay** regional gateway
- **OnePAY** payment processor
- **NFC/QR** growing adoption
- **Oil boom** driving digitization

## Banking landscape

### Central Bank
- **Name:** Bank of Guyana
- **Website:** https://www.bankofguyana.org.gy/
- **Role:** Monetary policy, financial regulation

### Major Banks (2024)

| Rank | Bank Name | Type | Digital Platform |
|------|-----------|------|------------------|
| 1 | Republic Bank Guyana | Regional | Republic App |
| 2 | Demerara Bank | Local | DB Mobile |
| 3 | Citizens Bank | Local | Citizens App |
| 4 | Scotiabank Guyana | International | Scotia App |
| 5 | GBTI | Local | GBTI Mobile |

### Market Structure
- **MMG:** Mobile money leader
- **WiPay/OnePAY:** Payment gateways
- **Oil economy:** Driving growth
- **Cash dominant:** Still primary

---

## Payment infrastructure

### National Payment Systems

| System | Operator | Type | Status |
|--------|----------|------|--------|
| MMG | GTT | Mobile wallet | Active |
| WiPay | WiPay | Payment gateway | Active |
| OnePAY | Private | Gateway | Active |
| Card networks | Visa/MC | Cards | Active |

### MMG Platform
- Guyana Telephone & Telegraph
- First mobile wallet
- USSD technology
- Password protected
- No monthly fees

### Payment Gateway Growth
- WiPay Caribbean expansion
- OnePAY local processor
- International integration
- Real-time conversion

---

## QR code standards

### QR Payment Status

| Attribute | Value |
|-----------|-------|
| **Standard** | Emerging |
| **Providers** | MMG, WiPay |
| **Adoption** | Growing |
| **Trend** | NFC + QR rising |

### MMG+ Features
- Electronic wallet
- QR code payments
- P2P transfers
- Bill payments
- Phone top-ups

### Gateway QR
- WiPay QR enabled
- OnePAY integration
- Merchant adoption
- Cross-border capable

---

## Mobile payment apps

| App | Provider | QR | Features |
|-----|----------|-------|----------|
| MMG+ | GTT | Yes | Full wallet |
| WiPay | WiPay | Yes | Gateway |
| OnePAY | Private | Yes | Processing |

### MMG+ Features
- Speedy, secure, simple
- No monthly fees
- USSD fallback
- WhatsApp sharing
- Secure platform

### Oil Economy Impact
- Rapid GDP growth
- Fintech investment
- Infrastructure development
- Digitization push

---

## Schemes

| Scheme | Type | Symbology | Adoption | Technical standard |
|---|---|---|---|---|
| [MMG QR](https://docs.barcoder.ai/docs/payments/GY/mmg-qr) | Mobile wallet | GTT | Active | [`mmg`](https://docs.barcoder.ai/docs/standards/mmg) |
| [WiPay](https://docs.barcoder.ai/docs/payments/GY/wipay) | Gateway | Caribbean | Active | — |
| [Bank transfers](https://docs.barcoder.ai/docs/payments/GY/bank-transfers) | Wire | Banks | Active | — |

## Sources

- [MMG Official](https://mmg.gy/)
- [WiPay Caribbean - Guyana](https://www.wipaycaribbean.com/guyana)
- [Transfi - Guyana Payments](https://www.transfi.com/blog/popular-local-payment-methods-and-solutions-in-guyana)
- [MoneyMatrix - Guyana](https://moneymatrix.com/country/guyana/)

## Full country report

[GY-guyana.md](https://docs.barcoder.ai/docs/payments/GY)