WILLEMSTAD/PHILIPSBURG – The Centrale Bank van Curaçao en Sint Maarten (CBCS)
can look back on a successful implementation of the first stage of the Instant Payments
Clearing and Settlement Mechanism (IP-CSM). All interbank payments in and between
Curaçao and Sint Maarten as well as interbank payments between banks in Bonaire will now be processed within a few seconds, 24 hours a day, 365 days a year.
As per January 15, 2022, the following financial institutions participate in the system:
Orco Bank NV (Curaçao, Sint Maarten & Bonaire)
PSB Bank NV (Curaçao)
Maduro & Curiel’s Bank NV (Curaçao & Bonaire)
Windward Island Bank NV (Sint Maarten)
Banco di Caribe N.V. (Curaçao, Sint Maarten & Bonaire)
RBC Royal Bank N.V. (Curaçao, Sint Maarten & Bonaire)
CBCS now aims to get the other commercial banks connected to the IP-CSM as soon as possible during this year. Furthermore, the CBCS, in collaboration with the local banks, will further develop the IP-CSM as to process transactions between Bonaire and Curaçao/Sint Maarten within seconds per June 2022, and will expand the payment options on all islands to more efficient mobile and on-line P2P (person-to-person), P2B (person-to-business), P2G (person-to-government) and in-store payments as of 2023.
Willemstad, January 17, 2022
CENTRALE BANK VAN CURAÇAO EN SINT MAARTEN
It is very convenient for me to pay for goods and services in online stores using a mobile phone! I use Dapio.com and send money instantly with low fees! This is the most convenient mobile money transfer application that I have found and now I use it often!