According to Looptt, the company’s online payment gateway offers payment solutions for Guyanese businesses that want to sell their products and services online. It enables businesses to accept both credit card and cash payments online.
As the publication states, Guyana’s internet penetration is approaching 40% with mobile penetration at around 74%, and with the Government’s increased focus on building a modern economy through digital payments, Guyana is accelerating its development of the right ecosystem for economic growth through ecommerce.
The company outlines the fact that taking business online in Guyana has been a difficult, technical and costly process. Additionally, due to credit card penetration being as low as 10%, the drive to go online in Guyana has been slow.
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