The role of Fintech and Regulations in Enabling Caribbean MSMEs to Grow and Innovate

The purpose of the report is to understand the constraints in terms of costs, procedures and legal requirements that MSMEs face in accessing digital payment solutions, which includes online payment and mobile (e-wallet) payment for digital transactions. The report identifies the constraints that Caribbean MSMEs face in accessing traditional electronic banking payment products and newer FinTech digital payment solutions, highlights the magnitude of the problem, and estimates the impact of the current barrier that MSMEs face in conducting digital transactions.