Mobile money finally arrives in Jamaica

by Electronic Payments International | April 03, 2013

Jamaican banks are finally set to launch mobile payment services. With a high cellphone penetration and low bancarisation, Jamaica is fertile ground for m-payments. But, as Robin Arnfield reports, the economy is heavily cash-based, and outside the towns there is little banking infrastructure.

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Alaric Technology Underpins Jamaican Mobile Money Launch

by Alaric | February 26, 2013

Alaric (, a global supplier of fraud prevention and payments solutions, announced today that it is working with Transcel ( on a Development Bank of Jamaica ( project to create the infrastructure to deliver mobile financial services to the financially under-served segment of the population in Jamaica.

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Alaric and Transcel target Jamaica's unbanked

by Electronic Payments International | February 26, 2013

Alaric, a fraud prevention and payments company, has partnered with financial services provider Transcel to deliver mobile financial services to the unbanked in Jamaica.The Development Bank of Jamaica (DBJ) project, dubbed M3 (mobile Money for Microfinance), will leverage approved microfinance institutions (MFIs) to allow consumers to carry out low-cost person-to-person mobile money transfers and payments.

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Mobile money just steps away

by Jamaica Observer | February 20, 2013

Jamaica is not too far away from seeing money remitted from overseas being sent to mobile phones.The Development Bank of Jamaica's (DBJ's) non-commercial pilot, which will test loan disbursements over mobile networks over the next year or two, could give the Bank of Jamaica (BOJ) the remaining piece of information it needs to provide the complete regulatory framework for mobile money, as it is called.

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DBJ Pilots Mobile Solution To Microfinancing

by Jamaica Gleaner | July 29, 2012

In a bid to reduce loan costs for small-scale commercial borrowers, the Development Bank of Jamaica (DBJ) is piloting a mobile money product that was given the green light by the Bank of Jamaica mid-year.

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