In our April 12th issue, the Stabroek Business published a story headlined ‘Mobile Money Targets Billing Companies” in which we stated that GT&T “is operating under a licence issued by the Bank of Guyana and subject to oversight and regulation.
Subsequently, GT&T notified us as follows of its wish that the following statement be amended as follows:
“With reference to the operation of Mobile Money Guyana and its involvement in e-money activities, the Bank of Guyana has adopted a prudential oversight role in order to safeguard the integrity of the financial market given the absence of domestic legislation and/or prudential regulations on e-mobile activities. ”
