The Central Bank of Barbados has launched a request for proposals for the design, supply, implementation, and ongoing support of an Instant Payments System in Barbados, as part of Barbados’ Payments System Modernisation Project. The procurement (RFP IPS 01/2025) will run as an internationally competitive process under the Central Bank of Barbados’ Procurement Policy Guidelines (27 March 2023). Proposals must be submitted by 17 March 2025 at 4:00 PM EST and include proposal security of USD 25,000; the notice also flags a requirement for beneficial ownership disclosure for the successful proposer as part of the contract award notice.
Central Bank of Barbados 2025-01-31
Central Bank of Barbados issues an RFP to design and implement an Instant Payments System within 18 months
The Central Bank of Barbados has issued a request for proposals for an Instant Payments System as part of the Payments System Modernisation Project. The procurement process will follow international competitive standards under the bank's Procurement Policy Guidelines.