Over the last few years there has been a proliferation of crossborder ownership in the CARICOM region. However, invariably, this has meant Trinidad and Tobago banks expanding their wings abroad. The acquisition of IBL by the Jamaica Money Market Brokers reflected a reversal of this dominant order.
Each time, the world of payments has seemed more exciting and dynamic than it was a year earlier. No longer do people talk about payments as being the plumbing of the financial system. Instead, they talk about how what is happening in the world of payments is reshaping our financial systems and how it will continue to do so into the future.