Visa, T&T Financial Centre Join Forces

• VISA, a world leader in digital payments, and Trinidad and Tobago International Financial Centre (TTIFC), which the Ministry of Finance tasked with increasing the use of cashless technology in T&T, are collaborating to develop financial inclusion in the country.
• As part of the strategy, Visa is working alongside TTIFC as well as other partners from the banking and FinTech sectors to provide access to financial tools whilst encouraging and accelerating the adoption of digital payments across the public sector with a roadmap focused on digitally empowering a massive number of people and businesses in the country.
• The digital transformation will enable the Government to accept digital payments, develop the infrastructure for local Fin-Tech providers to build and rapidly scale solutions, and create the conditions to position Trinidad and Tobago as a regional FinTech hub, a statement from TTIFC said.
• 'This endeavour seeks to bring the significant benefits of a truly inclusive and prosperous digital economy to Trinidad and Tobago's consumers, businesses, and the public sector,' the statement said.
• These strategies will effectively assist the twin-island republic in reaching its target goal of laying a foundation for a world-class digital finance platform to support and enable the FinTech sector by accelerating the digitalization of payments across the government and business sectors.

(Source: CariCRIS)