Digital Payments & Fintech · Dominica
Fintech & payments regulation in Dominica (2026)
Dominica shaded by its digital payments & fintech status
Fintech and digital payments in Dominica: licensing regime, under Eastern Caribbean Central Bank (ECCB) is the regional regulator. A payment-system oversight regime is in force under the Payment Systems Act, Chapter 23:62 (enacted 2009), with banks licensed under the Banking Act. A modernised Payment System and Services Bill/Act 2026, drafted by the ECCB for uniform adoption across the Eastern Caribbean Currency Union (ECCU), was passed by Dominica's Parliament on 23 February 2026 to establish comprehensive licensing of payment service providers and e-money..
Dominica is a member of the Eastern Caribbean Currency Union, so its payments and fintech sector is regulated by the supranational ECCB rather than a purely domestic authority. A statutory payment-system oversight regime has been in force since the 2009 Payment Systems Act, and on 23 February 2026 Parliament passed the ECCB-drafted Payment System and Services Bill 2026, which creates a modern licensing, regulation and oversight framework for payment service providers and payment systems and replaces the 2009 Act. Instant-payment infrastructure is being built regionally (a Regional Fast Payment System), after the ECCB's DCash CBDC pilot was shut down in January 2024 and the planned DCash 2.0 was suspended in February 2026.
Key points
The Eastern Caribbean Central Bank (ECCB) supervises and licenses payment systems and financial institutions across the eight-member ECCU, including Dominica; there is no separate national payments licensing authority.
The Payment Systems Act, Chapter 23:62 of the 2017 Revised Laws of Dominica (originally enacted 2009) provides the payment-system oversight regime currently in force, pending commencement of the 2026 replacement.
Dominica's Parliament passed the Payment System and Services Bill 2026 on 23 February 2026; the ECCB-drafted model law establishes a framework for the licensing, regulation and oversight of payment service providers and payment systems, replacing the 2009 Act.
The new Act is a uniform ECCU instrument intended for enactment by all member states; it had been passed in three ECCU member countries (as the Payment System and Services Act 2025) before Dominica's 2026 adoption, and guarantees a right to provide payment services across member states.
The 2026 framework strengthens ECCB supervisory and enforcement powers, creates an Eastern Caribbean Payments Council, mandates interoperability of digital payments, and adds data-protection, cybersecurity, consumer-protection and anti-money-laundering provisions.
The ECCB's DCash CBDC pilot operated 2021-2024 and was shut down on 12 January 2024; planned DCash 2.0 was suspended in February 2026 so the ECCB could prioritise a Regional Fast Payment System for the ECCU. No dedicated open-banking or BNPL rules specific to Dominica were identified.
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