FINTECH AT WORK

Fintech is already at work all around us and it is likely that it is being used by us more often than we even realise. Individuals use fintech to access many bank services, including, online banking, paying for purchases with a smartphone using mobile wallets. Your local bank card with Visa’s contactless credentials tap-and-pay facilities for fast and secure transactions. In Trinidad & Tobago, when you make different company-related online payments (with the Registrar General’s Department) for example paying for intellectual property services at our Intellectual Property Office (https://payment.ipo.gov.tt/) or you use the CourtPay – Payment Portal of the Judiciary of Trinidad and Tobago – CourtPay (ttlawcourts.org) these are powered by fintech.

And further afield, more than 3/4 of Chinese people are using digital payments rather than cash, according to previous Deutsche Bank research. The widespread use of QR codes has also supported digitalisation in China through Alipay (https://www.alipay.com/)  and WeChat Pay (qq.com) and many people around the world use or have used Paypal to Send Money, Accept Payments and Pay Online | PayPal TT; or Afriex to Receive and Send Money to Africa | Money Transfer App | Afriex App.

 

See https://www.youtube.com/shorts/inSMwiWDvTg  https://thelegalcornerpodcast.buzzsprout.com/1876478/13359516  and https://tenorequelegalandconsulting.com/what-is-fintech/ for more information and stay tuned for further fintech blogs.