Frequently Asked Questions

what exactly is e-money?

• When a person uses electronic money or e-money, they are using an electronic device, like their cell phone, to store and use that money to pay other people or businesses.

• E-money is regulated by Central Banks. With e-money, if you add a $50 credit, the value of that $50 is the same as when you withdraw. If don’t use it for a week it will still be worth $50.

Can I use Pesh Money for my Business?

• The Pesh Money service is primarily tailored for individuals, friends, and family, while also extending its utility to individuals offering professional services, such as barbers, photographers, or beauticians.

• We do not support Corporate or Merchant accounts.

• Please be aware that Pesh Money imposes a maximum wallet size limit of $20,000, as well as a cap of $20,000 on transactions per month.

• See Can a Business Use Pesh Money? for more.

Can I use my debit or credit card with Pesh Money?

• At present, debit or credit cards cannot be used to add or withdraw funds from your Pesh Money wallet balance.

• Our services currently exclusively support banks in Trinidad and Tobago.

Does Pesh Money Limited issue e-money on behalf of, or provide any contractual services to the Central Bank of Trinidad and Tobago?

• No. Pesh is a service for you, our user, to add your money to a digital wallet and use that electronic money as you choose to use it.

• Our users will have the option to top up or withdraw their balance based on their needs and how they use their wallets. Similar to your physical wallet and how you balance your physical cash.

Does Pesh have monthly fees or minimum balances?

• No. With Pesh, you will not pay a monthly fee or any account maintenance fees. There are no registration fees or minimum balance requirements.