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Bank of Jamaica

Jamaica’s largest bank casts doubt on CBDC
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23 August, 2024

Jamaica’s largest bank casts doubt on CBDC

The National Commercial Bank, the only Jamaican bank that currently offers a CBDC wallet, says that while its digital banking...
Jamaica to finance point-of-sale upgrades in CBDC push
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25 January, 2024

Jamaica to finance point-of-sale upgrades in CBDC push

Jamaica needs to upgrade 50,000 point-of-sale machines to handle its JAM-DEX, and the central bank has pledged to fund the...
Bank of Jamaica extends eCurrency deal ahead of full-scale CBDC rollout
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25 November, 2022

Bank of Jamaica extends eCurrency deal ahead of full-scale CBDC rollout

eCurrency and Jamaica expect that the extension of their JAM-DEX project will make significant strides in the country's digital transformation...
Jamaica on track for Q1 CBDC rollout, central bank says
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24 February, 2022

Jamaica on track for Q1 CBDC rollout, central bank says

The Bank of Jamaica says that it’s seeking to add the number of banks doing onboarding, have the local currency...
70% of Jamaicans will be using CBDC within five years, prime minister says
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21 January, 2022

70% of Jamaicans will be using CBDC within five years, prime minister says

Prime Minister Andrew Holness believes that the CBDC, expected to debut in Q1 2022, will reduce banking costs and boost...