{"id":239122,"date":"2025-06-01T03:11:00","date_gmt":"2025-06-01T07:11:00","guid":{"rendered":"https:\/\/antiguanewsroom.com\/?p=239122"},"modified":"2025-05-31T15:15:42","modified_gmt":"2025-05-31T19:15:42","slug":"govia-antigua-and-barbuda-positioned-to-lead-region-in-digital-finance","status":"publish","type":"post","link":"https:\/\/antiguanewsroom.com\/govia-antigua-and-barbuda-positioned-to-lead-region-in-digital-finance\/","title":{"rendered":"Govia: Antigua and Barbuda Positioned to Lead Region in Digital Finance"},"content":{"rendered":"
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Govia: Antigua and Barbuda Positioned to Lead Region in Digital Finance<\/strong><\/p>

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Leader of Government Business in the Senate, Senator Shenella Govia, has hailed the Payment System and Services Bill 2025<\/em> as a major step toward modernising Antigua and Barbuda\u2019s financial infrastructure, describing it as a \u201ctransformative\u201d and \u201cforward-looking\u201d piece of legislation.<\/p>\n\n\n\n

Speaking during the second reading of the bill on Friday, Govia said the legislation provides the legal framework to regulate and oversee both traditional and digital financial transactions across the twin-island state.<\/p>

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\u201cThis bill is about creating a safe, reliable, and inclusive payment infrastructure for all citizens and businesses in Antigua and Barbuda,\u201d she told fellow senators. \u201cIt ensures that transactions are transparent, accountable, and resilient.\u201d<\/p>

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The bill introduces licensing and oversight mechanisms for payment service providers, requiring entities engaged in money transmission\u2014physical or electronic\u2014to meet strict operational standards.<\/p>\n\n\n\n

With the rise of digital commerce and mobile banking, Govia noted that the timing of the bill is critical. \u201cTechnology is taking over\u2026 maybe soon we won\u2019t even have these papers in this Honourable House,\u201d she quipped.<\/p>

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Senator Govia also stressed the bill\u2019s role in advancing financial inclusion, particularly for the unbanked and underbanked, and highlighted the country\u2019s broader ambitions.<\/p>\n\n\n\n

\u201cWe are a regional leader in education, in healthcare\u2014and now we want to be the regional leader in finance,\u201d she said.<\/p>

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She concluded by describing the bill as a \u201cbridge towards the future\u201d where payments are \u201cfaster, safer, and more accessible,\u201d and urged support for its passage, noting there was no contention around the legislation.<\/p>

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The bill is part of the government\u2019s wider push to strengthen the legal and institutional frameworks necessary to support digital transformation in the financial sector.<\/p>\n

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Govia: Antigua and Barbuda Positioned to Lead Region in Digital Finance Leader of Government Business in the Senate, Senator Shenella Govia, has hailed the Payment System and Services Bill 2025 as a major step toward modernising Antigua and Barbuda\u2019s financial infrastructure, describing it as a \u201ctransformative\u201d and \u201cforward-looking\u201d piece of legislation. Speaking during the second […]<\/p>\n","protected":false},"author":3,"featured_media":239123,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-239122","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"yoast_head":"\nGovia: Antigua and Barbuda Positioned to Lead Region in Digital Finance - Antigua News Room<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/antiguanewsroom.com\/govia-antigua-and-barbuda-positioned-to-lead-region-in-digital-finance\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Govia: Antigua and Barbuda Positioned to Lead Region in Digital Finance\" \/>\n<meta property=\"og:description\" content=\"Govia: Antigua and Barbuda Positioned to Lead Region in Digital Finance Leader of Government Business in the Senate, Senator Shenella Govia, has hailed the Payment System and Services Bill 2025 as a major step toward modernising Antigua and Barbuda\u2019s financial infrastructure, describing it as a \u201ctransformative\u201d and \u201cforward-looking\u201d piece of legislation. 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