A new era of retail convenience follows the implementation of Guyana’s first-ever cashless vending machines.
Following the official implementation by Be! Payments (Be!), a Guyana-based fintech company, these smart vending machines are geared towards serving the needs of both small businesses and corporate clients in a rapidly modernising economy.
Be! Payments is a financial technology company that was established in Guyana in June 2024 and is licensed by the Bank of Guyana as a payment service provider.
The vending machines
The company is launching a diverse range of vending machines capable of offering coffee, hot meals, fresh flowers, over-the-counter medications, and even alcohol – each specifically designed to streamline access and provide modern-day convenience to the average consumer.
This publication caught up with Chief Communications Officer Sadiya Yahya of Be! in a recent telephone interview, who explained that the company is offering more than just a new product but also a franchise opportunity.
She detailed the process in which entities can make purchases for the item.
“Simply put, persons pay US$3,000, and that covers the cost for us providing the machine. It covers branding, it covers payment processing, and it covers all the configuration that’s needed,” Yahya stated.
Be! will handle the full configuration, branding, and payment processing system.
Meanwhile, the franchise buyer will only be responsible for finding a location to place the machine, as well as covering any rent for that space and utilities such as Wi-Fi and electricity.
According to Yahya, the machines will be fully cashless – only accepting cards and digital wallets. “It accepts all cards – MasterCard, Visa, American Express, you name it. There will also be integration with UPI, Pix, and even MMG. So yes, persons can purchase something from the vending machine using MMG as well.”
She encouraged interested individuals to email Be! at [email protected], where the team will provide full details. “It should be noted that the machines are based on pre-order, so the earlier you get to us, the better.”
Delving deeper into the initiative, Yahya shared her thoughts on what it means for Be! to pioneer such a ground-breaking development in Guyana. “I think it is a step forward into the future. What we have to offer is something that really needs to be done. And as much as it’s cashless, it’s still going to be easy and accessible for everyone.”
Meanwhile, as it pertains to educational institutions, Yahya confirmed that, “Yes, we intend to roll out to schools, high schools, universities, hospitals, stadiums, malls – you name it. Army base, police station, police training school, offices. On the streets as well.”
Meanwhile, it was highlighted by Be! that they will be soon rolling out their driver’s license renewal machine.
“We will soon be releasing a machine which can renew driver’s licenses,” Yahya shared. “You scan or take a picture of your current driver’s license. That checks the database; that connects the database with GRA – GRA ‘tells’ the machine if this person is eligible to renew their driver’s licence. If they are, you pay for it, and it prints it right there and then; you don’t have to line up. We expect it in about a month. It should be ready.”
Only in February of this year, Be! revealed that some 100 new automated teller machines (ATMs) would be rolled out countrywide, allowing holders of cards under brands such as Visa and MasterCard a convenient way of accessing cash.