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We are delighted to announce that ThitsaWorks, in collaboration with its Consortium Partner - Paymaster Jamaica, has won the “Caribbean FinTech Sprint for Financial Inclusion” challenge. The primary goal of this grant funding is to develop digital payment solutions for underserved users of the Credit Unions, removing barriers to citizen’s access to financial services across the region.
Our proposed approach involves utilizing a Thitsa Payment Portal to connect 3-4 Credit Unions (CUs) with digital payment tools available in Trinidad. The Thitsa Payment Portal is a web-based payment data transfer portal powered by Mojaloop technology, enabling financial institutions to connect real-time payment networks and perform digital transaction without the need for a core banking system. Thank you, European Union, Organization of African, Caribbean and Pacific States, the United Nations Capital Development Fund (UNCDF), and the Trinidad and Tobago IFC (TTIFC) for their support and collaboration. We are committed to leveraging this opportunity to drive positive change in the financial inclusion landscape of the Caribbean. Learn more about Thitsa Payment Portal here: https://www.thitsaworks.com/paymentportal
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The “Caribbean Fintech Sprint for Financial Inclusion” Bootcamp was successfully organized from19-21 July 2023 by the European Union, Organization of African, Caribbean and Pacific States, and the United Nations Capital Development Fund (UNCDF), in partnership with the Trinidad and Tobago International Financial Centre (TTIFC) with support from the Organization of Eastern Caribbean States (OECS). The bootcamp focused on three key areas of impact across the region where digital payments can play a significant role: the development of e-commerce solutions for smallholder farmers; digital payment solutions for credit unions; and the optimization of remote onboarding for D-Cash. Learn more about Caribbean Fintech Sprint for Financial Inclusion Bootcamp here: https://bit.ly/3q52gfs
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