Caribbean Digital Commerce Lag | Barbados News

The Caribbean’s digital commerce lag is alarming—just 4-5% of transactions happen online, while 70% still rely on physical stores. Small businesses need more than DIY tech solutions; they require regional policy support to embrace mobile payments and compete globally. Payment systems rooted outside the region often fail, crippling cross-border trade. With 30-50% of the population unbanked or underbanked, and fragmented digital wallets, the region needs unified infrastructure. While social media adoption is strong, back-end tools like inventory and payroll lag behind, leaving businesses inefficient. A new initiative aims to empower small islands with digital skills to boost competitiveness and drive economic growth. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/7577959942d8b200