payment systems Jamaica

Jamaica’s 900-strong ABM network maintained 97.8% operational availability in December 2024 but rural uptime fell to 89.4%, breaching the Bank of Jamaica’s compliance minimum as Christmas cash demand triggered cash dispense and deposit jams across the island.

Jamaica’s 900-strong ABM network maintained 97.8% operational availability in December 2024 but rural uptime fell to 89.4%, breaching the Bank of Jamaica’s compliance minimum as Christmas cash demand triggered cash dispense and deposit jams across the island.

Jamaica’s full-year 2024 remittance inflows reached US$3,357.4 million, a marginal 0.4% decline from 2023, as December monthly flows fell 6.0% year-on-year to US$277.0 million with the USA accounting for 67.3% of total receipts.

BOJ data through November 2024 shows RTGS settling $32.86 trillion JMD, building societies handling 44% of USD settlements, and debit cards at 3.85 million as Jamaica approaches a record payment year.

BOJ data for October 2024 shows POS transactions approaching $1 trillion JMD, cheques at a three-year low, and debit cards at 3.81 million as Jamaica’s payment system builds to a record year.

BOJ data through September 2024 shows 136 million electronic transactions worth $4.19 trillion JMD as Jamaica’s payment network approaches its most active year on record, with RTGS settling $28.77 trillion.

BOJ data through September 2024 shows 136 million electronic transactions worth $4.19 trillion JMD and RTGS settling $28.77 trillion as Jamaica’s payment system approaches a record year.

BOJ data through September 2024 shows 136 million electronic transactions worth $4.19 trillion JMD as Jamaica’s payment network approaches its most active year on record, with RTGS settling $28.77 trillion.

BOJ data for August 2024 shows Jamaica added 718 POS terminals and 70,000 debit cards in two months, as RTGS settled $26.92 trillion JMD and the island’s digital payment network expanded consistently.

Seven months into 2024, Jamaica’s payment system recorded 105 million electronic transactions worth $3.28 trillion JMD as the RTGS settled $25 trillion, putting the island on pace for a record year of digital financial activity.

Seven months into 2024, Jamaica recorded 105 million electronic transactions worth $3.28 trillion JMD as RTGS settled $25 trillion, putting the island on pace for a record year of digital financial activity.

Seven months into 2024, Jamaica recorded 105 million electronic transactions worth $3.28 trillion JMD as RTGS settled $25 trillion, putting the island on pace for a record year of digital financial activity.

Bank of Jamaica data for H1 2024 reveals 90 million digital transactions worth $2.84 trillion JMD, as the RTGS system settled $22.5 trillion in wholesale payments — confirming Jamaica’s decisive shift to a digital-first payment economy.

Bank of Jamaica data for H1 2024 reveals 90 million digital transactions worth $2.84 trillion JMD as the RTGS system settled $22.5 trillion in wholesale payments, confirming Jamaica’s decisive shift to a digital-first payment economy.