Belize Bank

The Central Bank of Belize Governor, Kareem Michael and President of Caye International Bank, Luigi Wewege met on the margins of The Annual Meeting of the Boards of Governors of the Inter-American Development Bank and IDB Invest. This conference was held in Panama City, Republic of Panama, from the 16th to the 19th of March 2023.

The Government of Belize through a competitive bidding process under the project Supporting Electronic Payment Solutions received and evaluated bids from the Belize Bank, National Bank of Belize, Heritage Bank Limited, Speednet (Smart), and Digi. Based on final evaluations, the E-kyash powered by Belize Bank was selected as the first electronic payment solution to pilot online payment for the processing of Temporary Work Permit applications within the Labour Department’s Temporary Employment Permit system (https://tep.mlgrd.gov.bz). This collaboration aims to provide Belizeans with a safe and secure means of payments that can be rapidly dispersed across multiple channels and introduce significant efficiencies to investors and local entrepreneurs.

An online service that allows users to transfer money, purchase items, and pay bills online has been launched in the country by Belize Bank. This new platform is called E-Kyash and was initiated at their San Pedro branch on Friday, August 6th. E-Kyash is a first-of-its-kind in Belize’s financial sector and has been well received on La Isla Bonita, with thousands of islanders already signed up for the service.

The days of Scotiabank Belize are officially over after Caribbean Investment Holdings Limited, Belize Bank’s parent company, completed the acquisition. On Wednesday, March 31st, throughout the country, teams of workmen were observed taking down the iconic Scotiabank sign. In San Pedro Town, the sign was replaced with a Belize Bank one.

Senior citizens of San Pedro Town were honoured on Wednesday, December 18th at their annual Christmas organized by the San Pedro Lions Club.

Three years since the system’s introduction, Central Bank will commence charging financial institutions a fee for the processing of transactions through APSSS, effective Monday, July 1st. In turn, local banks will be charging customers fees for services rendered.

The event is being organized by the Alaia Charity Foundation, who seek to provide financial, educational, medical and environmental support with the net-proceeds from the event to disenfranchised island families.

The doors opened at 6:30PM and over 80 guests were warmly welcomed by fellow Lions, Leo members and volunteers.