Visa, a world leader in digital payment, and the Trinidad and Tobago International Financial Centre are collaborating to drive financial inclusion in Trinidad and Tobago.
The TTIFC, which the Ministry of Finance has tasked to increase the use of cashless technology in society, has been collaborating with Visa to enable Trinidad and Tobago’s government to accept digital payments, develop the infrastructure for local FinTech providers to build and rapidly scale solutions, and create the conditions to position this country as a regional FinTech Hub.
As part of the strategy, Visa is working alongside TTIFC as well as 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 particular focus on areas such as leveraging Visa’s CyberSource Payments Platform to securely accept and scale digital payments.
This in addition to contributing to developing and implementing a technology-enabled FinTech innovation workspace.
Jorge Salum, Visa Senior Business Development leader for the Caribbean, said, “Accelerating the digital transformation of payments has never been more important to uplift our economies and spur economic and social growth.”
Meanwhile, TTIFC CEO John Outridge said “In a world where cashless payments are rapidly becoming the norm, we are very pleased to count on Visa’s support, scale and network reach to help us achieve our vision of moving further into a cashless future.”
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