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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...
Jamaica plans digital marketplace to trigger CBDC adoption
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22 May, 2023

Jamaica plans digital marketplace to trigger CBDC adoption

Jamaican Senator Aubyn Hill disclosed that the marketplace would operate as an e-commerce platform allowing customers to pay for goods...
Jamaica’s finance ministry launches incentive program to trigger CBDC growth
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16 April, 2023

Jamaica’s finance ministry launches incentive program to trigger CBDC growth

Since its launch in 2022, about 190,000 Jamaicans have signed up for the JAM-DEX wallet, with total transaction activity valued...
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...
Bank of Jamaica completes CBDC pilot, schedules Q1 2022 national rollout
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6 January, 2022

Bank of Jamaica completes CBDC pilot, schedules Q1 2022 national rollout

The Bank of Jamaica first announced it was testing a prototype of the Jamaican dollar and kicked off the pilot...
Bank of Jamaica mints and makes $230M of its CBDC available to public
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13 August, 2021

Bank of Jamaica mints and makes $230M of its CBDC available to public

The bank becomes the latest in the Caribbean to unveil its CBDC, with the Bahamas being the most advanced in...
Jamaica central bank to begin digital currency pilot in weeks
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10 July, 2021

Jamaica central bank to begin digital currency pilot in weeks

The central bank of Jamaica is to begin rolling out its central bank digital currency from August, becoming one of...
Jamaica, Ireland firm partner to test CBDC project in 2021
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10 April, 2021

Jamaica, Ireland firm partner to test CBDC project in 2021

After the Bahamas, Jamaica would pilot test central bank digital currency. Roll-out expected in early 2022.
Bank of Jamaica wants to test digital currency with private partners
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23 July, 2020

Bank of Jamaica wants to test digital currency with private partners

The central bank asked companies to come up with technological solutions for the CBDC, to be submitted by August 7...