It’s official! PayWise is now the first and only Central Bank authorised payment service provider in Trinidad & Tobago, as indicated by the recently published list of Authorised Payment Service Providers and Payment System Operators.
We received the official stamp of approval on March 13, 2019, and are now pleased to note that this information was released into the public domain within the last few days.
As an authorised payment service, the Central Bank now has oversight over our operations and PayWise is required to conform to the bank’s strict requirements and comply with financial regulations.
“PayWise has always prided itself in operating at the highest standard and in the best interest of our customers, so we are very excited to be an authorized payment service provider. As a company that is committed to providing innovative financial services in Trinidad & Tobago we felt that it was necessary to be compliant.” says PayWise Founder, Ian T. Alleyne.
The process was extensive but we believe it was important to complete the requirements so that our customers and industry stakeholders know they are dealing with a bonafide and regulated entity. We hope this further underpins the trust our customers and stakeholders have in PayWise.