JSC Learns Of The Ministry Of Finance’s Technological Advancements Toward E-Payments

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JSC Learns Of The Ministry Of Finance’s Technological Advancements Toward E-Payments

A working committee is in place to ensure a better team work approach as the government seeks to digitalise its various services to better meet the need of the population.

This disclosure was made public by Deputy Comptroller of the Ministry of Finance, Nelisha Sally, at the tenth meeting of the Joint Select Committee on Finance and Legal Affairs today.

The committee inquired into the implementation of a regulatory framework for the development of financial technology and e-payments.

JSC member, Keith Scotland, wanted to know whether there was any partnering with the Ministry of Digital Transformation especially in light of the passage of financial legislation and the coming on stream of the proposed Trinidad and Tobago Revenue Authority.

In response Comptroller of Accounts, in the Ministry of Finance, Catherine Laban, revealed the names of the wide-ranging stakeholders on the working group which have been reviewing the various methods of e-payments.

Mr Scotland also wanted to know if there was a deadline the working group will present before the JSC, a document which will be able to report to the parliament when a start-up date will take place.

This question was answered by Deputy Comptroller Sally, who provided details on some of the areas where ground work has been completed which the JSC can review at this time.

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