Money Services Businesses are non-financial business that transmit or convert money.
  • Western Union
  • Money Gram
  • Axcel Finance
  • Fast Cash
  • MyFi
  • Corporate Services
  • Unicomer Grenada Ltd.
  • WiPay (Grenada) Ltd.
Class of Licence Description Fees
Application Fee Annual Licence Fee
Class A Money Transmission $2,500.00 $10,000.00
Class B Issuance, Sale and Redemption of Payment Instruments $2,500.00 $10,000.00
Class C Cheque Cashing $2,500.00  $10,000.00
Class D Currency Exchange $2,500.00 $10,000.00
Any other services as the Minister may specify by Notice published in the Gazette   $2,500.00  
  Late fee for filing of returns   $2,500.00