On June 3, 2026, the Central Bank of Trinidad and Tobago registered Convenience Pay Technologies Limited (Convenience Pay) as a Payment Service Provider and granted Convenience Pay a provisional registration, authorising it to issue electronic money (e-money) in Trinidad and Tobago for a 6-month period. The company is a subsidiary of United Independent Petroleum Marketing Company Limited (UNIPET).

Since the last Monetary Policy Report, the global economy—still grappling with the implications of tariffs—was further unsettled by the emergence of new tensions. The US Supreme Court’s decision in February 2026 to repeal previously imposed tariffs—and the subsequent proposal of a new 10 per cent tariff propelled uncertainty. In addition, the escalation of geopolitical tensions arising from the US-Israel conflict with Iran in late February 2026, heightened global economic uncertainty.

The consultation period on the Draft Payment Systems and Services (PSS) Bill and Regulations closes on June 20, 2026. From stronger consumer protection to faster, more inclusive digital payments, this is about building a financial system that works for everyone. Your engagement is shaping the future of domestic payments.

Learn more and share your feedback: www.central-bank.org.tt/public-consultation-pss