Con­ve­nience Pay Tech­nolo­gies has re­ceived pro­vi­sion­al ap­proval from the Cen­tral Bank to is­sue elec­tron­ic mon­ey (e-mon­ey), mark­ing an­oth­er step in the coun­try’s push to­wards dig­i­tal pay­ments and fi­nan­cial tech­nol­o­gy in­no­va­tion.

The Cen­tral Bank on June 3 reg­is­tered Con­ve­nience Pay as a Pay­ment Ser­vice Provider and grant­ed the com­pa­ny pro­vi­sion­al reg­is­tra­tion to is­sue e-mon­ey in T&T for an ini­tial six-month pe­ri­od.

The ap­proval al­lows Con­ve­nience Pay to on­board cus­tomers in a con­trolled en­vi­ron­ment un­der the su­per­vi­sion of the Cen­tral Bank as the com­pa­ny tests and re­fines its dig­i­tal pay­ment plat­form be­fore any wider roll­out.