Top payment methods in Guyana: A guide on best ways to pay
Wondering what the most popular ways to pay are in Guyana? Explore the top payment options and choose wisely.
Guyana, with a population of around 799 thousand people, has a GDP of approximately 25.82 billion making it the 120th largest economy in the world. The official currency of Guyana is the Guyanese Dollar (GYD)
The economy is rapidly transforming due to massive offshore oil discoveries, which are now the main driver, alongside traditional gold and bauxite mining. It is a member of CARICOM and has increasingly strong economic ties with the United States and global energy markets.
| Country | Guyana |
|---|---|
| Population | 799 thousand |
| GDP (USD) | 25.82 billion |
| Global Ranking | 120th |
| Currency | Guyanese Dollar (GYD) |
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What is the main payment method in Guyana?
The predominant method for day-to-day commerce in Guyana is physical cash, the Guyanese Dollar. The use of debit cards is growing and they are accepted at supermarkets and established businesses, particularly in the capital, Georgetown. MMG+, a mobile money service led by the local telecom GTT, provides a digital option for bill payments, P2P transfers, and merchant payments.
How to pay in Guyana
Each country has its own way of moving money, and choosing the right method can sometimes be difficult. That’s why we have curated the most popular and best payment options for you to use in Guyana.
| Payment Method | Description | Type |
|---|---|---|
| Wise | Wise provides international money transfer services. It is known for offering transparent, low-cost currency exchange rates and fast transfers. Wise uses the mid-market exchange rate and charges a small, upfront fee, making it a cost-effective alternative to traditional banks for sending money abroad. The platform also offers multi-currency accounts, allowing users to hold and manage money in multiple currencies. | Online/In-person |
| Cash (Guyanese Dollar) | Cash is the primary and most widely used payment method for everyday commerce across the country. | In-person |
| Mobile Money (MMG+) | Mobile Money Guyana (MMG+) by GTT is a popular digital wallet used for P2P transfers, bill payments, and QR code payments at a growing number of merchants. | Online/In-person |
| Cards (Visa, Mastercard) | Debit and credit cards are accepted in formal retail settings, such as supermarkets, hotels, and restaurants, mainly in Georgetown and other urban areas. | Online/In-person |
| Bank Transfers | Bank transfers are a standard method for larger payments and for business-to-business transactions. | Online |
Is PayPal available in Guyana?
Yes, PayPal is accepted in Guyana.
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Whatever you need to buy during your trip, whether it’s a travel adapter, train ticket or an extra bottle of sunscreen, the Wise Multi-Currency Card has you covered.
You can spend like a local in 150+ countries, as this clever contactless card automatically converts currency at the mid-market exchange rate whenever you spend - for just a small conversion fee.
And for extra convenience, you can add your Wise Multi-Currency Card to your Google Wallet or Apple Wallet. Then you can travel even lighter and pay using just your phone, with no need to pack the physical card.
Please see terms of use and product availability for your region or visit Wise fees and pricing for the most up to date pricing and fee information.
This publication is provided for general information purposes and does not constitute legal, tax or other professional advice from Wise Payments Limited or its subsidiaries and its affiliates, and it is not intended as a substitute for obtaining advice from a financial advisor or any other professional.
We make no representations, warranties or guarantees, whether expressed or implied, that the content in the publication is accurate, complete or up to date.