June 09, 2020
Bank of Jamaica is aware of electronic retail payment services being offered to the public by unauthorized providers. Electronic retail payment services are those relating to the use of an electronic retail payment instrument, such as a prepaid card or mobile wallet.
The public is hereby advised that Bank of Jamaica to date, has authorized only three (3) Payment Service Providers, to offer electronic retail payment services to the public.
The entities currently authorized to provide the services are:
1. Sagicor Bank (My Cash);
2. National Commercial Bank (Quisk); and
3. Alliance Financial Services Limited (EPay).
Persons are advised not to conduct business with unauthorized entities seeking to offer these services, as these entities are not authorized by the Central Bank. In addition, transactions of this nature, in the absence of regulatory oversight, could negatively impact the safety and integrity of the National Payment System.
Please visit the Bank’s website for a listing of the authorized electronic retail payment providers and authorized agent locations by clicking on the link below.
http://www.boj.org.jm/financial_sys/electronic_retail_payment_service_providers.php
Click below for press release:
Press Release – Authorised Electronic Retail Payment System Providers – …
The information contained herein has been obtained from sources believed to be reliable, however its accuracy and completeness cannot be guaranteed. You are hereby notified that any disclosure, copying, distribution or taking any Action in reliance on the contents of this information is strictly prohibited and may be unlawful. Mayberry may effect transactions or have positions in securities mentioned herein. In addition, employees of Mayberry may have positions and effect transactions in the securities mentioned herein
