Global KPO firm Quatrro Global Services and the Caribbean Electronic Payments Systems are gearing up to launch BPO operations in Trinidad & Tobago. The two firms signed a memorandum of understanding with the Trinidad and Tobago International Financial Centre (TTIFC) to launch electronic payment processing services in the twin-island republic.
The Financial Center, which has vowed to turn the dual-island nation into a global financial hotspot, has not disclosed how many jobs the BPO companies would create.
The news comes barely a month after Canada’s Scotiabank agreed to launch a shared services center in the Caribbean country, creating about 400 new jobs.
Vasant Bharath, senator and minister of trade, industry and investment, recently told to Nearshore Americas that Trinidad and Tobago has the highest per-capita population of accountants in the world. According to reports, there are about 2,000 chartered (CPA equivalent) accountants in the country. He also claimed to have reduced the time required to launch a business from 43 to three days.
Columbus Communications has extensive undersea cables running around the country, making the Internet easily accessible to a large majority of the population in Trinidad and Tobago.
“These MOUs embody the essence of the need for T&T to partner with global finance and accounting BPO providers to drive this thrust. These MOUs are also proof that our value proposition has merit for the international financial services BPO community and that TTIFC is on the right track,” said TTIFC Chairman Franco Siu Chong, according to the Guardian Media.
Quatrro will initially offer payment processing services to its clients in the Caribbean but will expand the service for North and Latin American clients in the months ahead.