GraceKennedy (Trinidad & To­ba­go) (GK­TT) has been reg­is­tered as a Pay­ment Ser­vice Provider (PSP) in Trinidad and To­ba­go.

In a news re­lease yes­ter­day, the Cen­tral Bank dis­closed that GK­TT was of­fi­cial­ly reg­is­tered as a PSP on Au­gust 1, 2026.

The com­pa­ny ex­plained, “This ex­pand­ed reg­is­tra­tion au­tho­ris­es GK­TT to of­fer a broad­er range of reg­u­lat­ed pay­ments ser­vices, in­clud­ing bill pay­ment ser­vices.”

GK­TT is cur­rent­ly li­censed with the Cen­tral Bank as a Bu­reau de Change (BDC).

The re­lease ex­plained, “Ac­cord­ing­ly, GK­TT pro­vides cam­bio ser­vices, pur­suant to sec­tion 6 of the Ex­change Con­trol Act Chap. 79:50 and is the ex­clu­sive agent of West­ern Union Fi­nan­cial Ser­vices Inc for the op­er­a­tion of its mon­ey trans­fer ser­vices.”

GK­TT was ini­tial­ly reg­is­tered with the Cen­tral Bank of Trinidad and To­ba­go (Cen­tral Bank) sole­ly as a Bill Pay­ment Ser­vice Provider (BP­SP) on Sep­tem­ber 30, 2014.

GK­TT is a di­rect sub­sidiary of GraceKennedy Re­mit­tance Ser­vices Ltd (GKRS) in Ja­maica, which in turn is owned by GraceKennedy Mon­ey Ser­vices (Caribbean) SRL, Bar­ba­dos. This en­ti­ty is a sub­sidiary of GraceKennedy Fi­nan­cial Group Ltd, Ja­maica, all of which ul­ti­mate­ly fall un­der the par­ent com­pa­ny, GraceKennedy Ltd in­cor­po­rat­ed and es­tab­lished in Ja­maica.

GraceKennedy, which is a con­glom­er­ate, is list­ed on the stock mar­kets of both Ja­maica and T&T.

Found­ed in Ja­maica in 1922, the group’s op­er­a­tions span man­u­fac­tur­ing, dis­tri­b­u­tion, bank­ing, in­sur­ance and re­mit­tances across the Caribbean, North Amer­i­ca, and Eu­rope.

The group part­nered with the Trinidad and To­ba­go Unit Trust Cor­po­ra­tion to op­er­ate a joint ven­ture launched in March 2023, in Kingston, Ja­maica, that op­er­ates three mu­tu­al funds in the Ja­maican mar­ket through GK Cap­i­tal Man­age­ment.

In Feb­ru­ary this year, GraceKennedy ap­point­ed Massy Dis­tri­b­u­tion as the of­fi­cial dis­tri­b­u­tion part­ner of Grace Foods Latin Amer­i­ca and the Caribbean prod­ucts in T&T, tak­ing over the port­fo­lio fol­low­ing the con­clu­sion of the Ja­maican com­pa­ny’s pri­or arrange­ment with Had­co Ltd.

The group’s mar­ket cap­i­tal­i­sa­tion, as at yes­ter­day’s date, was $3.86 bil­lion.

Last Thurs­day, GraceKennedy an­nounced that its net prof­it at­trib­ut­able to stock­hold­ers, for the six months end­ed June 30, 2026, was J$4.8 bil­lion, an in­crease of 11.8 per cent com­pared to the same pe­ri­od in 2025.

Dur­ing the pe­ri­od, the group’s rev­enue grew to J$93.1 bil­lion, an in­crease of J$4.1 bil­lion or 4.6 per cent, com­pared to the pe­ri­od Jan­u­ary 1 to June of 2025. The group’s prof­it be­fore tax was J$7.1 bil­lion, com­pared to J$6.1 bil­lion, an in­crease of 17 per cent. (TT$1 = J$23.03)