Help Name Belize's Instant Payment System
The Central Bank invites Belizeans to help shape the future of digital payments by naming Belize's new Instant Payment System (IPS). This national competition gives you the opportunity to create the name that will represent a modern, fast, secure, and accessible way for people and businesses to make payments across Belize.
Submit your name idea, tell us why it matters, and you could win BZ$1,500.
Competition Opens: 12 September 2026
Competition Closes: 12 October 2026 at 11:59 p.m.
What Is the Instant Payment System (IPS)?
The Instant Payment System (IPS) is a new national payment platform being introduced to make sending and receiving money faster, simpler, and more convenient.
Once launched, the IPS will enable individuals and businesses to transfer funds electronically in near real-time between participating financial institutions.
The system is being developed as part of Belize's ongoing efforts to modernize the national payments landscape, support innovation, and improve access to digital financial services.
A strong name helps build trust, recognition, and national identity. The Central Bank of Belize wants the public to play a role in creating a name that reflects:
- Belize's culture and identity
- Innovation and progress
- Speed and convenience
- A modern national payment system
- Long-term public recognition
The selected name will help establish a recognizable national brand for Belize's new instant payment system and support public awareness as the platform is rolled out nationwide.
Competition Rules
Before submitting your entry, please note:
- Entries open on 12 September 2026
- Entries close on 12 October 2026 at 11:59 p.m.
- Late submissions will not be accepted
- Entries must be submitted through the official Central Bank of Belize website portal
- Participants may submit a maximum of three (3) entries
- All submissions must be in English
- Entries must be original work created by the participant
✅ Are a Belizean citizen or permanent resident
✅ Are 13 years of age or older
✅ Have parental or guardian consent if you are under 18 years of age
✅ Submit an original name that is your own work
Each entry must include:
- Proposed IPS name
- Brief explanation (maximum 100 words) describing:
- The meaning of the name
- Its relevance to Belize
- Its relevance to instant payments
- Full name
- Age
- Phone number
- Email address
We're looking for a name that is:
- Unique
- Easy to pronounce
- Memorable
- Relevant to Belize
- Relevant to instant payments
- Suitable for a national payment system
- Appropriate for long-term public use
- Adaptable for marketing and branding
Names must not be:
- Offensive
- Copyrighted
- Trademark protected
- Generated using artificial intelligence (AI)
Participants grant the Central Bank of Belize the right to use, modify, adapt, reproduce, evaluate, and register submitted names for branding, promotional, operational, and related purposes.
The Central Bank of Belize reserves the right, at its sole discretion, not to adopt or use any submitted name if legal, regulatory, trademark, branding, operational, or other considerations arise.
Judging, Selection, and Prize
The competition follows a structured process to ensure submissions are evaluated fairly and transparently, from initial screening through final winner selection and prize award.
All entries will undergo an initial review to ensure they:
- Meet the eligibility requirements
- Comply with the competition rules
- Include all required submission information
- Are original submissions
- Do not contain offensive or inappropriate content
- Do not present apparent intellectual property concerns
Only entries that successfully pass the technical screening will advance to Stage 2.
Eligible entries will be evaluated by a judging panel using the criteria below.
- Relevance to Instant Payments
- Relevance to Belize
- Creativity and Originality
- Branding Potential
- Memorability
The five highest-scoring entries will advance to Stage 3.
Finalists will be contacted and asked to provide supporting documentation to verify their eligibility and submission details.
Following verification, the finalists' submissions will be presented to the Central Bank of Belize Executive Team for final endorsement and selection of the winning entry.
Prize
The creator of the winning submission will receive a cash prize of BZ$1,500.
Winner Announcement
The winner will be:
- Contacted directly using the information provided in the submission form
- Announced through a live public announcement
- Featured in an official Central Bank of Belize press release
- Published on the Central Bank of Belize website
- Announced through official media channels