The COVID-19 pandemic acted as a catalyst for the development of local e-commerce services. While not as sophisticated as the United States’ eCommerce companies, several local startups have enjoyed early successes digital services in the delivery, food services, retail, and healthcare sectors. Mobile payment and wallet programs are limited with one company, Mobile Money Guyana, occupying most of the market space. However, there is ample market space and opportunities for the development of other mobile payments and wallets to service Guyana’s nascent eCommerce market.
While credit cards and mobile payments are beginning to be more widely accepted, Guyana remains a cash-based society. Credit and debit cards are used but only at higher end supermarkets, restaurants, and hotels. It is recommended to utilize cards when possible and avoid carrying around cash. The GoG has prioritized an e-commerce bill which is yet to be tabled in parliament.