Payments and e-commerce in Trinidad and Tobago

Discover how Trinidadian and Tobagonian consumers like to shop and pay online

In a population of 1.4 million people, over one million use the Internet regularly [1]. There are almost two million mobile subscriptions — so more mobile phones than there are people. And more than eighty percent of the adult population has a bank account. High rates of financial and digital inclusion in Trinidad and Tobago simplify market entry for e-commerce merchants.

The islands still have a heavily cash-based economy [2]. Support for alternative payment methods and particularly cashed-based online payments is important for any merchant planning on entering the e-commerce market in Trinidad and Tobago. In recent years, the government of Trinidad and Tobago has been working actively to promote the adoption of digital payment methods [3].

  1. https://tradeind.gov.tt/e-commerce-in-trinidad-and-tobago
  2. https://oxfordbusinessgroup.com/analysis/closer-home-online-shopping-grows-importance-local-retailers-call-e-payment-reforms-0
  3. https://www.ttifc.co.tt/areas-of-business/acceleration-of-digital-payments

Trinidad and Tobago

General Information

  • Population 1.4 m
  • Population 15 + 1.1 m
  • Online Population 1.1 m
  • Area 5,131 km2
  • Currency TTD
  • GDP 21.6 bn $US
  • GDP per Capita 15,318 $US
Banked population
  • Trinidad and Tobago 81%
  • South & Central America 58%
  • World 67%
Credit card penetration
  • Trinidad and Tobago 17%
  • South & Central America 20%
  • World 19%
Internet penetration
  • Trinidad and Tobago 79%
  • South & Central America 73%
  • World 62%

The information on our Insights pages has been compiled by us in cooperation with Datamatics and Wright & Brown. The data shown is partially owned by us and partially owned by GlobalData. © 2021 by PPRO Financial Ltd. No data and information can be used for any further publication without the explicit approval of PPRO.

Trinidad & Tobago

Local Payment Methods

BitPay Type Cryptocurrency Wallet Regions Asia Pacific, Eastern Europe & the CIS, Middle East & Africa + 3 Hyperwallet Type Bank transfer, Gift card, Prepaid voucher Regions Asia Pacific, Eastern Europe & the CIS, Middle East & Africa + 3 Market relevance High PayPal Type Wallet Regions Asia Pacific, Eastern Europe & the CIS, Middle East & Africa + 3 Market relevance High Paysera Type Wallet Regions Asia Pacific, Eastern Europe & the CIS, Middle East & Africa + 3 Market relevance High Skrill Type Wallet Regions Asia Pacific, Eastern Europe & the CIS, Middle East & Africa + 3 Market relevance High Allied Wallet Type Wallet Regions Asia Pacific, Eastern Europe & the CIS, Middle East & Africa + 3 Market relevance High UnionPay SecurePay Type Local payment card Regions Asia Pacific, Eastern Europe & the CIS, Middle East & Africa + 3 Market relevance High Boku Type Carrier billing Regions Asia Pacific, Eastern Europe & the CIS, Middle East & Africa + 3 Market relevance High Mobiamo Type Carrier billing Regions Asia Pacific, Eastern Europe & the CIS, Middle East & Africa + 3 Market relevance High Razer Gold Type Wallet Regions Asia Pacific, Eastern Europe & the CIS, Middle East & Africa + 3 Market relevance High SWIFT Type Bank transfer Regions Asia Pacific, Eastern Europe & the CIS, Middle East & Africa + 3 Market relevance High Secure Remote Commerce (SRC) Type Wallet Regions Asia Pacific, Eastern Europe & the CIS, Middle East & Africa + 3 Market relevance Medium Boloro Type Wallet Regions Asia Pacific, Eastern Europe & the CIS, Middle East & Africa + 3 G2A Pay Type Wallet Regions Asia Pacific, Eastern Europe & the CIS, Middle East & Africa + 3 Market relevance Medium NETELLER Type Wallet Regions Asia Pacific, Eastern Europe & the CIS, Middle East & Africa + 3 Splitit Type Instalments Regions Asia Pacific, Eastern Europe & the CIS, Middle East & Africa + 3

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