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Jamaica, an island nation in the Caribbean Sea, has a rapidly developing financial sector with a growing adoption of digital payments and mobile banking. The country is also seeing a rise in the use of mobile wallets and online payment gateways, driven by the increasing use of smartphones and internet access. Jamaica’s payment landscape is evolving, with a notable shift towards digital payments but persistent reliance on cash. Credit and debit cards (Visa, Mastercard) are widely accepted, particularly in tourist areas and larger establishments. Online banking is increasingly prevalent, and bank transfers are commonly used for various transactions. Cash transactions, however, still dominate, especially in smaller businesses and across rural communities. Mobile money solutions are expanding but face challenges in reaching broader segments of the population.

Population

Estimated Population

2.9 million

Currency

Currency

Jamaican dollar (JMD)



Popular payment methods