Frontier AdoptionEvidence-graded tracking of what's actually live

Deployments · platform by Bank of Jamaica

Bank of Jamaica JAM-DEX retail CBDCNew

Jamaica's retail CBDC, issued by the Bank of Jamaica and rolled out in phases from 2022, first through NCB's Lynk wallet and later JN Bank. Use remains small but is rising: J$51.7 million was transacted in the first seven months of 2026 against J$19.3 million in all of 2025, with about 320,000 subscribers. Only two wallet providers are live; the BOJ expects another in early 2027 and wider point-of-sale acceptance by mid-2027.

AnnouncedProof of conceptPilotLive (limited)Live (scaled)

Live (limited) since 11 May 2022[1] — Publicly available through two wallet providers; limited merchant acceptance. · Reviewed 13d ago

Assets
Retail central-bank money[1]
JAM-DEX retail CBDC
Networks
Unknown ledger Not disclosed[4]
Not a distributed ledger: a centralised ledger controlled by the Bank of Jamaica, with eCurrency's digital bearer tokens moving through Jamaica's RTGS system (Kansas City Fed, 2024). Kept here pending decision 2026-10-26-ledgers-1.
Use cases
Domestic payments[3]Merchant payments[3]
Jurisdictions
Jamaica

Participants

Assets

Metrics

  • ~3,000,000 JMD / yearJAM-DEX transaction value · as of 2024[3]
  • 19,300,000 JMD / yearJAM-DEX transaction value · as of 2025[3]
  • ~320,000 usersJAM-DEX subscribers · as of Aug 2026[3]
  • 294,700,000 JMDCBDC issue (BOJ base money data) · as of Jul 2026[3]

Timeline

  1. Happened 20 Aug 2026 · Volume milestone · recorded 15 Oct 2026
    BOJ reports J$51.7 million transacted in January to July 2026, about 320,000 subscribers, and plans for a third wallet provider and point-of-sale acceptance in early 2027.[3]
  2. Happened 11 May 2022 · Launch · recorded 15 Oct 2026
    BOJ says the phased rollout of JAM-DEX is under way, with NCB offering it through Lynk, while the Bank of Jamaica Act is amended to make CBDC legal tender.[1]

Sources

  1. [1]JAM-DEX Phased Rollout Underway — Bank of Jamaica, 11 May 2022. Accessed 15 Oct 2026.A
  2. [2]Jamaica's Central Bank Digital Currency(CBDC) – JAM-DEX » Bank of Jamaica — Bank of Jamaica. Accessed 15 Oct 2026.B
  3. [3]Jam-Dex transactions climb as BOJ expands reach — Jamaica Observer, 23 Aug 2026. Accessed 15 Oct 2026. Reports BOJ figures given at its Quarterly Monetary Policy Report press conference..C
  4. [4]Observations from the Retail CBDCs of the Caribbean (Payments System Research Briefing) — Federal Reserve Bank of Kansas City, 10 Apr 2024. Accessed 26 Oct 2026.C
  5. [5]BOJ Announces CBDC Provider — Bank of Jamaica, 22 Mar 2021. Accessed 28 Oct 2026.B

Spotted something out of date or missing? Suggest a correction, ideally with a source.