Digital payments have entered a sustained growth phase in Trinidad and Tobago, fundamentally transforming how locals and visitors experience major cultural celebrations.
“Visa’s transaction data from Latin America and the Caribbean during Holy Week 2025 highlights the rapid expansion of digital payment ecosystems and the increasing demand for seamless, borderless payments.”
AI-Ready Cards will replacecard details with tokenized digital credentials, enhancing security for consumers and simplifying payment processes for developers.
Visa’s collaboration with the TTIFC builds on a broader joint effort to drive a cashless economy in Trinidad and Tobago
Visa transactions during Trinidad and Tobago Carnival 2025 were driven by debit cards.
“The surge in contactless transactions during this year’s Black Friday in Trinidad and Tobago underscores a compelling shift in consumers and businesses’ behaviours.”
Visa and its local partners have made significant investments to enable local merchants to securely and efficiently accept payments on the world’s largest payment network.
Visa is behind the scenes deploying its vast resources and capabilities to secure every payment transaction.
By keeping Visa and MasterCard out of China, the Chinese platforms Alipay and WeChat Pay introduced a whole new universe of connected supply chains that transformed lifestyles forever.
Before retail CBDCs can be widely accepted for everyone everywhere in the region a cross-chain interoperability mechanism is necessary to help connect networks with existing financial payment systems and Real Time Payments network.
Visa is already making strides in shaping the government of Trinidad and Tobago’s digital finance agenda and expanding cashless payment acceptance for its citizens.
Contactless chip technology offers a high level of safety and flexibility in how cardholders can use their debit card in Trinidad and Tobago to buy, pay, check their balance, or withdraw cash.
Visa and TBR LAB will also work together to support and promote the Visa Everywhere Initiative, a global startup engagement program that tasks start-ups to solve payment challenges of tomorrow.
“With our fintech partners in Trinidad and Tobago and throughout the region, Visa is preparing for a very different financial sector future.” – Jorge Salum
The study focused on different types of companies, including financial institutions, merchants, payment gateways, aggregators, and fintechs
