Canadian fintech firm 4Pay targets Guyana for expansion, explores AI-driven banking solutions and regional data centre

Canadian-based financial technology company 4Pay Inc. has identified Guyana as a priority market for expansion, holding high-level discussions with senior officials of the Guyana Office for Investment (GO-Invest) on its potential market entry and investment plans.

The engagement was led by  Peter Ramsaroop, Chief Investment Officer and Head of GO-Invest, and was facilitated by Canada’s High Commissioner to Guyana, Sébastien Sigouin. He was accompanied by Trade Counsellor at the High Commission of Canada, Yvana Nganou, along with representatives of 4Pay.

Discussions centred on how 4Pay’s technology could complement the services of local financial institutions, with a strong focus on expanding access to banking services and financing for Guyanese residents, as well as small and medium-sized enterprises (SMEs).

Representatives of 4Pay outlined the company’s patented, artificial intelligence-driven platform, which enables the secure online opening of bank accounts and streamlines access to financing. The technology is designed to enhance financial inclusion by reducing barriers to entry for individuals and businesses that are traditionally underserved by conventional banking systems.

The talks also explored the potential establishment of a data centre in Guyana to support the company’s operations locally and across the wider Caribbean, positioning the country as a regional hub for fintech infrastructure and digital financial services.

The meeting underscored Guyana’s growing attractiveness as a destination for technology-driven investment, particularly initiatives that promote innovation, financial inclusion and sustainable economic growth.

Also in attendance were Chief Operations Officer and Chief Financial Officer of GO-Invest, Mr. Tebogah Christian; Senior Director of Investment, Mr. John Edghill; Director of Economic Affairs and Planning, Mr. Arvinda Ramcharan; and Director of Export and Trade, Mrs. Kibbyann Chester-Harding.