# MMG

> Source: https://docs.barcoder.ai/docs/standards/mmg
> research date 2026-05-29 · extracted at 2026-10-06
> Publisher: Barcoder — encyclopedia of QR, barcode and payment-code standards

Specifications:
- [MMG — Mobile Money Guyana](https://mmg.gy/)

## Overview

**MMG** (Mobile Money Guyana) is **Guyana's first mobile-money platform**, operated by **Mobile Money Guyana Inc.** — a **wholly-owned subsidiary of Guyana Telephone and Telegram Company (GTT)**, Guyana's sole full-service telecommunications provider <sup>[1][1], [2][2], [Guyana report](https://docs.barcoder.ai/docs/payments/GY)</sup>. MMG is **the first app of its kind in Guyana**, providing a mobile-money wallet enabling users to **add funds to password-protected account + conduct various transactions: pay bills, top up any mobile network, shop, pay for goods/services, send/receive money**.

**Launch timeline**: MMG launched **March 2013** initially **limited to GTT customers only**. **October 30, 2015** — service opened to **customers of other networks (Digicel + others)** — major expansion milestone. By **August 2021** MMG had **nearly 70,000 customers + 750+ merchants and agents** — substantial scale for Guyana's ~800K population.

The structural distinction: MMG operates within **Guyana's telco-led mobile-money landscape** (GTT MMG vs Digicel MyCash competitor) — similar to many Caribbean + Latin American markets. **No bank-account requirement** + **G$500 minimum deposit at MMG agents, GTT Stores, or online banking** + **2013 first-mover advantage** make MMG Guyana's foundational mobile-money platform. Guyana's recent **oil-boom-driven economic expansion** + **growing payment-modernisation needs** make MMG's continued evolution structurally important to Guyana's financial-services modernisation alongside emerging fintech entrants.

## History

**Background — Guyanese payment landscape** <sup>[Guyana report](https://docs.barcoder.ai/docs/payments/GY)</sup>:
- **Bank of Guyana (BoG)** — central bank.
- **Guyana Telephone and Telegram Company (GTT)** — sole full-service telco.
- **Digicel Guyana** — competing MNO.
- Major Guyanese banks: Republic Bank Guyana, Demerara Bank, GBTI, Scotiabank Guyana.

**March 2013 — MMG launches** <sup>[1][1]</sup>:
- First mobile money app in Guyana.
- Initially GTT-customer-only.

**October 30, 2015 — Multi-network opening** [MyCash](https://docs.barcoder.ai/docs/standards/mycash):
- Other MNO customers (incl. Digicel) can sign up.

**August 2021 — ~70K customers + 750+ merchants/agents** <sup>[1][1]</sup>:
- Substantial scale.

**MMG growth amid GY oil-economy expansion** <sup>[Guyana report](https://docs.barcoder.ai/docs/payments/GY)</sup>:
- Increasing payment-modernisation needs.

## Technical specification

MMG is **GTT subsidiary Mobile Money Guyana-operated Guyanese mobile money** <sup>[1][1], [2][2]</sup>:

| Layer | Description |
|---|---|
| **Operator** | **Mobile Money Guyana Inc.** (wholly-owned subsidiary of GTT) |
| **Country** | Guyana |
| **Currency** | GYD (Guyana dollar) |
| **Launch** | **March 2013** |
| **Multi-network access** | Since October 30, 2015 |
| **Customers (Aug 2021)** | ~70,000 |
| **Merchants + agents (Aug 2021)** | 750+ |
| **Minimum deposit** | G$500 |
| **Bank-account requirement** | None |
| **Major competitor** | MyCash (Digicel Guyana) |

## Use cases

**P2P transfers** <sup>[1][1]</sup>: Cardinal — instant send/receive.

**Bill payment** <sup>[1][1]</sup>: Utilities + services.

**Mobile top-ups (any GY network)** <sup>[2][2]</sup>: Cross-MNO airtime.

**Merchant payments at MMG-participating businesses** <sup>[1][1]</sup>: 750+ merchants.

**Cash-in/cash-out at MMG agents + GTT Stores** <sup>[1][1]</sup>: Wide-reach.

**Online banking deposit funding** <sup>[1][1]</sup>: Bank-channel inbound.

## Implementations & ecosystem

**Operator**: **Mobile Money Guyana Inc.** (subsidiary of GTT).

**Parent**: **GTT** (Guyana Telephone and Telegram Company).

**Regulator**: **Bank of Guyana (BoG)**.

**Major competitor**: **MyCash** (Digicel Guyana).

**Bank integration**: Major Guyanese banks via online banking deposit funding.

## Fun facts

- **First mobile-money app in Guyana**: Market-first since March 2013.
- **October 30, 2015 multi-network opening**: Cross-MNO access milestone.
- **~70K customers / 750+ merchants by Aug 2021**: Substantial scale.
- **GTT wholly-owned subsidiary**: Sole-telecom-provider heritage.
- **G$500 minimum deposit**: Accessible threshold.
- **No bank-account requirement**: Financial-inclusion enabler.
- **Guyana oil-boom context**: Growing economic + payment-modernisation needs.
- **MMG + MyCash duopoly**: Telco-led mobile-money market structure.

## Comparison

| Feature | MMG (GY) | MyCash (GY Digicel) | [DigiWallet](https://docs.barcoder.ai/docs/standards/digiwallet) (BZ Digi) | [mMoney](https://docs.barcoder.ai/docs/standards/mmoney) (BB Bitt) | [PayWise QR](https://docs.barcoder.ai/docs/standards/paywise-qr) (TT) |
|---|---|---|---|---|---|
| Operator | **MMG Inc. (GTT subsidiary)** | Digicel Guyana | Belize Telemedia (Digi) | Bitt.com | PayWise Limited |
| Type | **Telco-led mobile wallet** | Telco-led mobile wallet | Telco-led mobile wallet | Bank-affiliated digital wallet | Fintech multi-channel |
| Country | Guyana | Guyana | Belize | Barbados | Trinidad and Tobago |
| Launch | **March 2013** | Later | n/a | n/a | n/a |
| Customers | **~70K (2021)** | Major | 190K+ (DigiCell) | 20K+ | n/a |

## Status

**Active** <sup>[1][1], [2][2]</sup>:
- **MMG Inc. (GTT subsidiary) operator since March 2013**.
- **Multi-network access since October 30, 2015**.
- **~70K customers / 750+ merchants/agents (August 2021)**.
- **GY's first mobile money app**.

## Sources

[1]: https://mmg.gy/ "MMG — Mobile Money Guyana"
[2]: https://mmg.gy/faqs/ "MMG FAQs — official"
[3]: https://guyanachronicle.com/2021/08/14/mmg-experienced-tremendous-growth-over-the-past-year/ "MMG 2021 growth — Guyana Chronicle"
[mycash]: https://inewsguyana.com/gtts-mobile-money-service-now-available-to-digicel-users/ "GTT MMG available to Digicel users — iNews Guyana"

- [1] [MMG — Mobile Money Guyana][1]
- [2] [MMG FAQs — official][2]
- [3] [MMG 2021 growth — Guyana Chronicle][3]
- [mycash] [GTT MMG available to Digicel users — iNews Guyana][mycash]
- <sup>[Guyana report](https://docs.barcoder.ai/docs/payments/GY)</sup> `reports/countries/GY-guyana.md`

## Deployments

Found in the following country reports (grep across `reports/countries/`):

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