Grenada, known as the “Spice Isle,” is a tri-island state in the Caribbean famous for its nutmeg production and stunning volcanic landscapes. Its capital, St. George’s, is home to one of the most picturesque harbors in the region. In 2026, Grenada’s economy is projected to grow by 3.1%, driven by a thriving tourism sector, steady foreign direct investment through its Citizenship by Investment (CBI) program, and robust agricultural exports. With a population of approximately 127,000, the nation relies on a sophisticated financial network within the Eastern Caribbean Currency Union (ECCU) to manage significant remittance inflows from the diaspora in North America and Europe.
Money Transfer Locations
Western Union
Western Union is the primary remittance provider in Grenada, operating through Grenada Co-operative Bank and GraceKennedy Money Services (GKMS).
- Western Union St. George’s
- Western Union Grand Anse
- Western Union Grenville
- Western Union Gouyave
- Western Union Sauteurs
- Western Union Victoria
- Western Union Hillsborough (Carriacou)
- Western Union Spiceland Mall
MoneyGram
MoneyGram services are widely available through Republic Bank and Ariza Credit Union branches.
- MoneyGram St. George’s
- MoneyGram Grand Anse
- MoneyGram Grenville
- MoneyGram Maurice Bishop International Airport
- MoneyGram Bruce Street
Ria Money Transfer
Ria is accessible through Republic Bank and specialized regional exchange partners.
- Ria St. George’s
- Ria Grand Anse
- Ria Grenville
Other Remittance Agents (Laparkan & JN Money)
Specialized Caribbean agents provide vital shipping and money transfer links to the diaspora.
- Laparkan St. George’s
- JN Money St. George’s
- JN Money Grand Anse
Mobile Money & Digital Payouts
In 2026, Grenada has embraced digital wallets for faster local distribution of international funds:
- DCash – The Eastern Caribbean Central Bank’s digital currency, used for instant peer-to-peer transfers.
- Co-op Bank Mobile – Facilitates direct-to-account international transfers for bank members.
- MoMo (Mobile Money) – Increasing adoption for utility payments and small-scale cash-outs at retail agents.
Major Bank & Financial Partners
Grenada’s banking sector provides the backbone for SWIFT transfers and high-value financial services:
- Grenada Co-operative Bank (The leading local commercial bank)
- Republic Bank (Grenada)
- ACB Grenada Bank (Formerly Scotiabank operations)
- CIBC FirstCaribbean International Bank
- RBTT Bank (Royal Bank of Canada subsidiary)
- Grenada Development Bank
- Ariza Credit Union (Essential for community-based financial services)