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Caribbean Payment Rail Moves Into Pilot Phase

Original: The Caribbean’s Payment Rail Moves to Pilot

A regional payment infrastructure project for the Caribbean has advanced from planning into its pilot stage. The development, reported by Global Finance Magazine, points to efforts to build a shared payment rail that could speed up and cheapen cross-border transactions across Caribbean economies. Further details on the pilot's scope, participants and timeline were not included in the available report.

Why now: A regional payment system reaching the pilot stage is significant news for Caribbean banking, remittances and cross-border trade.

CaribbeanGlobal Finance Magazine

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