Jamaica’s payment system settled J$17.66 trillion cumulatively through RTGS in the first eight months of 2025 as the POS network surpassed 34,000 terminals for the first time and the CSD crossed US$2 billion in securities settlements, even as August transaction volumes moderated from July’s summer peak.

Jamaica’s ABM network recorded 95.8 per cent operational share and 93.8 per cent uptime in August 2025 — the best combined result in the 2025 series — but JMMB Bank’s 83.4 per cent uptime despite 100 per cent operational availability emerged as a new concern, even as CIBC Caribbean recovered from July’s difficulties.

Jamaica’s remittances fell 3.0 per cent in August 2025 to US$271.7 million, the first year-on-year decline of the year, as Canada surpassed the UK as the second-largest corridor at 11.5 per cent, the US share hit a series-low 67.5 per cent, and both formal and informal channels contracted for the first time.

Jamaica’s remittance inflows fell 3.0% in August 2025 to US$271.7 million — the first year-on-year decline recorded in 2025 — as the US corridor hit a series low of 67.5% and both transfer channels contracted simultaneously for the first time this year. Canada surpassed the UK as the second-largest remittance corridor in a historic milestone.

Jamaica’s remittance inflows fell 3.0% in August 2025 to US$271.7 million — the first year-on-year decline recorded in 2025 — as the US corridor hit a series low of 67.5% and both transfer channels contracted simultaneously for the first time this year. Canada surpassed the UK as the second-largest remittance corridor.

Jamaica’s payment system processed J$15.53 trillion through RTGS in the first seven months of 2025, with July alone generating a record J$2.55 trillion in high-value settlements, as electronic payments exceeded 125 million transactions and the POS network expanded to 33,787 terminals.

Jamaica’s ABM network achieved 95.0 per cent operational share in July 2025 — its strongest result of the year — but national uptime remained at 91.8 per cent below the BOJ’s 95 per cent target, while CIBC Caribbean emerged as a new compliance concern after falling below the 90 per cent operational threshold in Kingston and other urban areas.

Jamaica’s cumulative remittances crossed US$2 billion through July 2025 as monthly inflows reached US$281.9 million (+4.6%), with Canada breaking above 10% share for the first time while the US corridor recorded its fourth consecutive year-on-year decline.

Jamaica’s cumulative remittances crossed US$2 billion through July 2025 as monthly inflows reached US$281.9 million (+4.6%), with Canada breaking above 10% share for the first time while the US corridor recorded its fourth consecutive year-on-year decline.

Jamaica’s payment system settled J$12.98 trillion through RTGS in the first half of 2025 as electronic transactions exceeded 106 million, but a sharp 17 per cent drop in USD dual-currency cards from 45,630 to 37,987 has raised questions about a structural shift in foreign-currency card products.