JN Bank has flipped the switch on its new JN Pay Wallet, giving anyone—from salaried professionals to cash-only hustlers—round-the-clock access to Jamaica’s central bank digital currency, JAM-DEX. No traditional bank account? No problem. A Tax Registration Number, mobile number, and email are all it takes to get rolling.
Always-On, Instant Money Movement
Built by MC Systems, the wallet bypasses the cut-off windows that shackle ACH and RTGS transfers. Users can send or receive funds, pay JPS or NWC bills, top up mobile credit, or move money to and from JN Bank accounts and Smart ATMs—any hour of any day.
Third-Party Cash-Out: Digital Meets Physical
A standout feature is “Third-Party Cash-Out.” Generate a transfer code in-app, text it to anyone, and they can walk up to a JN Smart ATM—no card, no account—and walk away with cash. Perfect for emergencies, contractors, or relatives who still trust paper over pixels.
QR-Powered Interoperability
The app’s QR function talks to wallets from other financial institutions, making peer-to-peer payments frictionless and keeping cash out of the equation for small merchants and weekend markets.
Tiered Limits that Grow with You
- Tier 0: Immediate sign-up, J$50,000 transaction ceiling.
- Tier 1: Upload a national ID, driver’s licence, or passport, pass a 24-hour verification, and your daily cap doubles to J$100,000. Multiple JN Bank deposit accounts can be linked for seamless treasury management.
On-Ramp to Financial Freedom
JN Bank’s digital-channels chief, Ricardo Dystant, frames the wallet as more than a payment tool—it’s a bridge to full-service banking. Once users get comfortable moving JAM-DEX, the bank can shepherd them toward credit products and longer-term wealth-building vehicles.
Fuel for Small Businesses
For micro-entrepreneurs, the wallet slashes the risk of carrying physical cash while speeding up checkout lines. Instant settlement means quicker inventory cycles and fewer late-night trips to the branch.
Road-Tested and Event-Ready
After an employee pilot and a live rollout with Tax Administration Jamaica, the wallet powered cashless transactions at Reggae Sumfest, proving it can handle high-volume events with ease.
The JN Pay Wallet is ready for download on both iOS and Android. With it, JN Bank isn’t just talking about financial inclusion—it’s engineering it.
