As E-Commerce continues to grow within Trinidad and Tobago, the regulators and stakeholders are doubling down to make sure that all service providers are compliant, so that the protection of the consumers can be protected to the highest degree.
In this interview, we speak with Stephon Duncan of Social Pay and Ocey Phillips – Ecommerce Consultant on the state of E-Commerce in T&T.
Social Pay has recently suspended its services to ensure they are fully compliant with the regulators and we were able to break down what the process is for those who are looking to create their own payment facilitation company or a marketplace in T&T.
We even dove into how business owners and consumers can check to see if the marketplaces & payment service providers that they are using to build their businesses, currently have their required licenses from the Central Bank of Trinidad & Tobago, Mastercard and Visa to operate.
The last thing you want is to for you to invest time and money into building your brand on a platform, only to be told that they are now being shut down due to not having the proper licenses to operate.
To learn more about Social Pay, visit their website Socialpaytt.com
08:15 Why Social Pay Is Suspending Service
17:45 Why Marketplaces Will Be Shutdown
25:50 How To Tell If A Marketplace or Payment Service is Regulated
32:45 The Top Website Platforms Used In T
Ep 22: The State of E-Commerce In Trinidad & Tobago