In a note­wor­thy de­vel­op­ment for the lo­cal fin­tech sec­tor the Cen­tral Bank of T&T has of­fi­cial­ly reg­is­tered WamNow Tech­nolo­gies Ltd as an E-Mon­ey Is­suer, au­tho­ris­ing the com­pa­ny to op­er­ate its dig­i­tal wal­let plat­form, Wam, across the coun­try.

A re­lease is­sued by the Cen­tral Bank last week said the reg­is­tra­tion, fi­nalised on No­vem­ber 7, 2025, marks the end of WamNow’s pro­vi­sion­al li­cens­ing pe­ri­od, which con­clud­ed a day ear­li­er.

With full ap­proval now in place, WamNow is poised to ex­pand its suite of dig­i­tal fi­nan­cial ser­vices to in­di­vid­u­als and mi­cro-en­ter­pris­es through­out the coun­try.

Found­ed on Feb­ru­ary 26, 2021, WamNow is a pri­vate­ly held fi­nan­cial tech­nol­o­gy firm fo­cused on mod­ernising pay­ment sys­tems through its pro­pri­etary e-wal­let, ac­ces­si­ble via https://wam.mon­ey/.

The Wam app en­ables users to store elec­tron­ic mon­ey, con­duct peer-to-peer trans­fers, and make pay­ments seam­less­ly with­in the na­tion­al fi­nan­cial ecosys­tem.

Un­der its reg­is­tra­tion, WamNow is au­tho­rised to per­form a range of fi­nan­cial ac­tiv­i­ties, in­clud­ing the is­suance of e-mon­ey ac­counts, cash-in and cash-out ser­vices, pay­ment fa­cil­i­ta­tion, and do­mes­tic mon­ey trans­fers or re­mit­tances.

These ca­pa­bil­i­ties are ex­pect­ed to en­hance fi­nan­cial in­clu­sion and of­fer more ac­ces­si­ble al­ter­na­tives to tra­di­tion­al bank­ing, par­tic­u­lar­ly for un­der­served com­mu­ni­ties and small busi­ness­es.

The Cen­tral Bank em­pha­sised that it would main­tain over­sight of WamNow’s op­er­a­tions to en­sure on­go­ing com­pli­ance with the reg­u­la­to­ry frame­work gov­ern­ing elec­tron­ic mon­ey. This in­cludes ad­her­ence to an­ti-mon­ey laun­der­ing pro­to­cols, con­sumer pro­tec­tion stan­dards, and tech­no­log­i­cal safe­guards.

WamNow’s en­try in­to the reg­u­lat­ed e-mon­ey space sig­nals grow­ing mo­men­tum in T&T’s dig­i­tal fi­nance land­scape, align­ing with broad­er ef­forts to fos­ter in­no­va­tion and re­silience in the fi­nan­cial sec­tor.