Banner Core Functions

Payments Systems

The efficient functioning of the financial system relies on the soundness and safety of the National Payments System (NPS). The NPS consists of all systems which facilitate the clearance and settlement of payments. The more significant of these are the large-value systems such as the Real Time Gross Settlement (RTGS) system, the Government Securities Settlement (GSS) system, and retail payment systems such as the Cheques Clearing House, the Automated Clearing House (ACH) and card payment schemes.

The Financial Institutions Act, 2008 upgraded the legal foundation for payments by among other things, enabling payment finality, and making explicit the Bank’s responsibility for payment system oversight and regulation.

The Bank has adopted the internationally accepted standard of the Core Principles for Systemically Important Payment Systems as its benchmark in conducting oversight assessments of systems.

The Payments System department publishes a quarterly newsletter, called Payments Quarterly, to keep stakeholders informed of developments in the national payment system. The bank also holds the chairmanship of the payments System Council This is a voluntary body comprising stakeholders in the Payments System whose purpose is to support the achievement of sound and efficient payment systems in the country.

Payments System Council Webpage 

Central Bank of Trinidad and Tobago Approved Payments System Providers/Operators

Circular Letters 

Circular Letter - Consultation on the Draft Policy Proposal Document for a Payments Systems Bill for Trinidad and Tobago - May 17, 2021

Circular Letter - Revised Corporate Governance Guideline, March 2021 - March 10, 2021

Circular Letter - Electronic Payment of Licensing, Registration and Application Fees - November 24, 2020

Circular Letter - Revised Draft Corporate Governance Guideline

Circular Letter - Approval of the Compliance Officer and the Designation and/or Approval of the Alternate Compliance Officer for Financial Institutions Regulated by more than one Supervisory Authority - June 03, 2020

Circular Letter- Consultation on the Draft Guideline for non-bank Non-Financial Institutions In Retail payments - April 29, 2020

Circular Letter - The Revised Personal Questionnaire and Declaration Form: Clarification of Witness Requirement and Special COVID-19 Provisions - April 28, 2020

Circular Letter- Clarification on Electronic Submission of Correspondence to Financial Institutions Supervision Department due to COVID-19 Measures - April 9, 2020

Circular Letter - Issuance of Revised Fit and Proper Guideline and Revised Personal and Corporate Questionnaire and Declaration Forms - October 29, 2019


Adoption of Committee on Payment & Settlement Systems and International Organisation of Security Commissions Principles for Financial Market Infrastructures by the Central Bank of Trinidad and Tobago - November 2014


Oversight Report 2012

Oversight Report 2010

Statistical Report on Payment Systems in Trinidad and Tobago 2000-2010



Payments System Council Newsletter - March 2020

Payments System Council Newsletter - March 2019



Payments Quarterly and safe-tt Publications



Corporate Governance Guideline (Revised) - March 2021

Fit and Proper Guideline - October 2019

Personal Questionnaire and Declaration Form

Corporate Questionnaire and Declaration Form

Licensing and Operation of Interbank Payment Systems - November 2012

Registration and Operation of Non-Interbank Payment Systems - November 2012

Operation of Payment Service Providers - November 2012

Oversight of Systemically Important Payment Systems - December 2012

Draft and Consultation Documents

Policy Proposal Document for a Payments System Bill for Trinidad and Tobago - May 2021

Circular Letter - Consultation on the Draft Policy Proposal Document for a Payments Systems Bill for Trinidad and Tobago - May 17, 2021

Industry Comments on Revised Corporate Governance Guideline - March 2021

Draft E-Money Policy - November 2018

Industry Comments Matrix on Draft Fit and Proper Guideline 2019

Circular Letter Draft Revised Fit and Proper Guideline

E-Money Policy Feedback Report

E-Money Policy Circular Letter 


“Presentation on the Promotion of E-Payments” made to the Bankers Association of Trinidad and Tobago by Deputy Governor Alvin Hilaire on behalf of the Payments System Council" - February 2014

Please click link to view presentation. Promotion of E-Payments in T&T


"On September 1, 2020 Governor Hilaire made a presentation as part of a Panel Discussion at a Regional Outreach Webinar hosted by the Bank for International Settlements. The Webinar discussed a Report on Enhancing Cross Border Payments."

Please click link to view presentation: Enhancing Cross Border Payments: Perspectives from Trinidad and Tobago

Selected Payments System Statistics

Number of ATM and POS machines by year

Credit Card Transactions by year

Debit Card Transactions by year

Number of ATM and POS machines by month

Credit Card Transactions by month

Debit Card Transactions by month


Related Websites

The Caribbean Group of Banking Supervisors (CGBS)

The Caribbean Association of Insurance Regulators (CAIR)

Trinidad and Tobago Security Exchange Commission (TTSEC)



Payments Quarterly and Safe-tt


Other Relevant Legislation

E-Money Issuer Order, 2020

Data Protection Act No. 13 of 2011

Electronic Transfer Act No. 6 of 2011

Securities Bill, 2010

Electronic Transfer of Funds Crime Act, 2000

Computer Misuse Act, 2000

The Securities Industry Act No. 32 of 1995


Public Notices

Joint Public Advisory on Virtual Currency

Public Statement on Virtual Currency

Authorised Payment Service Providers and Payment System Operators




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