As global mobile money adoption surpasses 2.1 billion registered accounts, Belize’s own digital payment solution—E-Kyash—is emerging as a standout example of innovation in the Caribbean. Developed by the Belize Bank, E-Kyash reflects the growing momentum of mobile financial services, as captured in the GSMA’s State of the Industry Report on Mobile Money 2025. With mobile money driving economic transformation worldwide, Belize is proving that small markets can lead in financial inclusion.
Unlike much of Latin America and the Caribbean, where mobile money activity slowed in 2024, Belize has moved against the trend. E-Kyash continues to gain ground by offering a secure, fast, and accessible way for Belizeans to manage their finances. Whether paying utility bills, shopping at local businesses, or sending money to loved ones, users value its simplicity and reliability in daily transactions.
Mobile money services globally contributed over $720 billion to GDP across participating markets by the end of 2023. In Belize, platforms like E-Kyash bridge financial gaps by granting unbanked and underbanked citizens access to essential financial tools. Users store funds, make transactions, and build financial habits that support long-term financial security—all without needing traditional banking access.
The GSMA report highlights mobile money’s transformative role in underserved communities, including women and small-scale entrepreneurs. E-Kyash’s streamlined onboarding, multilingual interface, and low-cost structure eliminate traditional barriers to financial participation, ensuring more Belizeans can access digital finance.
As the mobile money landscape matures, services are evolving beyond basic transfers to include savings, credit, and merchant payments. E-Kyash is keeping pace by introducing QR-based payments and partnering with local vendors, making digital transactions a more viable alternative to cash across Belize.
Education and outreach are key to long-term adoption. The Belize Bank has embraced global best practices by prioritizing financial literacy programs, ensuring users fully understand and utilize E-Kyash’s capabilities. Community workshops and awareness campaigns reinforce the advantages of digital payments, fostering trust and confidence in mobile finance.
E-Kyash’s continued growth reflects a broader industry shift: mobile money is no longer just a tool for inclusion—it’s a thriving digital finance ecosystem. With ongoing innovation, strong institutional support, and increasing public trust, E-Kyash is set to shape a more connected and financially empowered Belize.