The National Payment and Innovation Company of Trinidad and Tobago (NPICTT) is the state agency responsible for advancing digital payment solutions and innovation within the Financial Services Sector. Operating under the Ministry of Finance, NPICTT plays a pivotal role in the government’s technical transformation initiatives, acting as a key strategic partner for all stakeholders as Trinidad and Tobago moves towards a FinTech-enabled digital economy.
VISION
To drive the adoption of digital financial services across all sectors, and establish Trinidad and Tobago as the premier regional destination for FinTech-enabled services.
MISSION
To enhance the Financial Services Sector through the integration and application of innovative financial technologies, thereby improving service delivery to citizens, enhancing the ease of doing business, and increasing financial inclusion
STRATEGIC PILLARS
The NPICTT is committed to directly supporting the Ministry of Finance and relevant stakeholders in executing key initiatives to advance the FinTech agenda:
- Delivering a cohesive National Financial Inclusion Strategy and Action Plan to boost participation within the formal economy by promoting access to financial services for all citizens.
- Accelerating Digital Payments: Establishing a secure and integrated Centralised Management Payment Platform (CMPP) to streamline revenue collection in the public sector through various electronic funds transfer (EFT) methods, reducing cash reliance and improving service efficiency and budgeting accuracy.
- Facilitating Investment Opportunities for FinTech: Establishing a FinTech innovation and accelerator hub for the Caribbean to attract international financial technology firms and foster the development of local capabilities aimed at enhancing export potential. This initiative will serve as a platform for both FinTech start-ups and established companies to grow, significantly increasing the number of successful entrepreneurs transitioning from start-up to export-ready status.
These initiatives are critical components of the government’s transformational agenda, aligning seamlessly with the broader vision for a modern, efficient, and inclusive economy.