Global Partnership Building Local Capacity: TTIFC Established Partnership With The United Nations Capital Development Fund
As an organization vested with the responsibility of moving Trinidad and Tobago along the path to a cashless society, strategic partnerships continue to be a critical component of the TTIFC’s plan to achieve this significant transition in our local economy.
To this end, the TTIFC signed a Memorandum of Understanding with the United Nations Capital Development Fund (UNCDF) in May 2022, to collaborate and pursue joint activities that will advance Trinidad and Tobago’s cashless society agenda.
The UNCDF is tasked with accelerating the development of digital finance and financial inclusion innovation.
The activities facilitated by the partnership are funded by the UNCDF’s global initiative for “leveraging digital finance to increase the resilience of African, Caribbean and Pacific States (OACPS)”.
As part of its strategic objectives, the TTIFC is working towards creating a more financially inclusive Trinidad and Tobago. By partnering with the UNCDF, the TTIFC will receive technical expertise and resources to aid in the delivery of its projects dedicated to increasing financial inclusion.
It will receive advisory support on various topics related to the development of the Financial Inclusion study and the creation of the financial inclusion road map.
There will also be opportunities for private public sector consultations, workshops, and events.
This collaboration with the UNCDF is one of the strategic alliances that the TTIFC has initiated as it seeks to leverage its stakeholders’ technical and resource capacities to create value for the consumers of digital financial products. Partnerships with entities such as Visa, Mastercard, and The Commonwealth Secretariat help to set a clear foundation for increased knowledge exchange, expertise, and resources available to help the TTIFC serve the citizens of Trinidad and Tobago.
Read the full version of the FinTech Digest HERE or read our other articles, such as The Untapped Potential of T&T’s Big Data Banks