e-Commerce in financial services soon in Barbados

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At a technology awareness seminar for the financial services sector, sponsored by Fujitsu and the Ministry of Commerce, Consumer Affairs and Business Development, at Hilton Barbados, the Commerce, Consumer Affairs and Business Development Minister, Lynette Eastmond has said that there is not much more that government can do to create an enabling environment for greater use of e-Commerce in the financial services sector.

Eastmond explained that the government was pursuing an ICT policy for the entire country. This policy would include the business community. She has called for an 'open and frank discussion' on the matter, particularly when Barbadians could purchase products and services online from other countries but the same could not be done by outsiders for local products and services. She stated that when the policy is completed, the government expects to partner with the business community. She also mentioned that the assessment that has been made, that small countries are in a position to reap considerable advantage, now more than ever, with the use of ICTs in making their businesses efficient and reaching foreign markets.

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