The Central Bank of Trinidad and Tobago held a stakeholder engagement meeting with the fintech and payments sector, using it to set out its approach to fintech innovation and secure payment systems and to update the industry on forthcoming regulatory and supervisory work. Discussion focused on the proposed Payment Systems and Services Bill, which is intended to modernise and unify payment regulation, introduce modular licensing for Payment Service Providers, and strengthen dispute resolution and interoperability. The Bank also provided updates on its supervisory approaches and expectations, highlighted the joint Regulatory Innovation Hub and Regulatory Sandbox as mechanisms for collaboration and safe testing of fintech solutions, and heard presentations on the CARICOM Payments and Settlement System and a proposed electronic know-your-customer project.
Central Bank of Trinidad & Tobago 2025-11-13
Central Bank of Trinidad and Tobago briefs fintech and payments sector on proposed Payment Systems and Services Bill and innovation initiatives
The Central Bank of Trinidad and Tobago discussed fintech innovation and secure payment systems with stakeholders. Key topics included the proposed Payment Systems and Services Bill for modernizing payment regulation, modular licensing for Payment Service Providers, and improved dispute resolution. Updates were given on supervisory approaches, the Regulatory Innovation Hub, and the Regulatory Sandbox for fintech collaboration and testing.