Willemstad/ Philipsburg – The Centrale Bank van Curaçao en Sint Maarten (CBCS), in
close collaboration with Worldline and the local commercial banks, has implemented the
basic infrastructure for Instant Payments (IP). As a result as of 15 January 2022, all
interbank payments in and between Curaçao and Sint Maarten will now be processed
within a few seconds, 24 hours a day and 365 days per year. This will also be the case for
interbank payments between banks in Bonaire. With the exception of two local
commercial banks, which will join later in 2022, all banks in Curaçao, Sint Maarten and
Bonaire are participating in the IP CSM. The IP CSM, developed by Worldline, fully
complies with international standards and ISO 20022.
With the introduction of the Instant Payments CSM, the CBCS is one of the first financial
institutions to make use of a dual currency system for Instant Payments. This means that now
interbank transactions made with both Netherlands Antillean guilders and US-dollars are
processed within just a few seconds, 24 hours a day, 365 days per year.
Looking to the future, partnership with all local banks
Implementing the basic infrastructure for IP CSM is only the first step for the CBCS. In
collaboration with the local commercial banks and Worldline, additional technological possibilities
are being developed. After Instant Payments are available to all bank customers on the islands, the

CBCS will expand the payment options to more efficient mobile and on-line P2P (person-to-
person), P2B (person-to-business), P2G (person-to-government) and in-store payments. The

involvement of other stakeholders in the financial sector will be considered in this context. Later
the infrastructure will be connected to IP payment ecosystems in other currencies, such as Aruba
and the Netherlands.
Leila Matroos, executive director of the Centrale Bank van Curaçao en Sint Maarten: "The introduction
of Instant Payments is the result of our ambition to modernise the technological infrastructure,
and to stimulate economic development in Curaçao and Sint Maarten. This way, we are better
prepared for the future, and for the countless developments in the world of payments. By working
together with an experienced IP processor from the Eurozone, we can easily connect to other
countries at a later stage.”

“The implementation by the Centrale Bank van Curaçao en Sint Maarten is a logical next step after
the earlier introduction of Instant Payments by the Central Bank of Aruba. Instant Payments is
on its way to becoming the new global payment standard. In this global context, the processing
of Instant Payments for different currencies at the same time proves Worldline ́s strong ability
and ambition to be one of the leading global service providers for payments processing”, says
Michael Steinbach, Managing Director Financial Services at Worldline. “That is why we continue
to support the CBCS with their essential route towards 24/7/365 payments. Being the largest IP
processor in the Eurozone, we are therefore very proud to work with the CBCS on this
implementation and further expansion.”

Willemstad, January 12, 2022
CENTRALE BANK VAN CURACAO EN SINT MAARTEN