Trinidad and Tobago IFC Signs a Memorandum of Understanding (MOU) Between TTIFC and the Trinidad and Tobago Bureau of Standards (TTBS)

November 7th, 2024

Trinidad and Tobago IFC is pleased to announce the signing of a Memorandum of Understanding (MOU) between TTIFC and the Trinidad and Tobago Bureau of Standards (TTBS). This partnership aims to enhance the acceptance and receipt of payments collected by TTBS, starting with the Implementation Division. It represents the first step in launching a kiosk network program, designed to offer customers of Government Ministries and their Agencies more convenient ways to pay.

As the largest revenue collector within the Ministry of Trade and Industry, TTBS will benefit from streamlined internal processes and modern payment solutions. Through this collaboration, TTIFC will provide technical advisory services and guidance to TTBS in adopting Electronic Funds Transfer (EFT) modalities, including online payments.