The Central Bank of Trinidad and Tobago has registered Convenience Pay Technologies Limited as a payment service provider and granted it a six month provisional registration to issue electronic money in Trinidad and Tobago. The authorisation allows the firm to operate as an e money issuer for a limited initial period. During the provisional period, Convenience Pay may onboard new customers in a controlled environment monitored by the Central Bank. Convenience Pay is a subsidiary of United Independent Petroleum Marketing Company Limited and plans to offer a digital wallet that supports transfers from bank accounts to the wallet, peer to peer transactions, and peer to business payments.
Central Bank of Trinidad and Tobago grants Convenience Pay Technologies six month provisional registration to issue e money
The Central Bank of Trinidad and Tobago has registered Convenience Pay Technologies Limited as a payment service provider and granted it a six‑month provisional registration to issue electronic money. During this period, the subsidiary of United Independent Petroleum Marketing Company Limited may onboard customers under central bank monitoring and offer a digital wallet supporting bank‑to‑wallet transfers, peer‑to‑peer transactions and peer‑to‑business payments.