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Jamaica

JM · JAM · 388Latin AmericaJMD J$16 methods

5 sources

Electronic payments surged 19% in 2024, signalling accelerating digital adoption.

$780 m
e-commerce spend
2.0M
online population
~80%
banked adults
~35%
credit card population
MixMethodsBehaviourBanksSourcesFacts

Payment mix

share of e-commerce spend
  • Card (Credit & Debit)65%
  • Bank Transfer15%
  • E-Wallet10%
  • Cash8%
  • Other2%

Methods in use

top 8 of 16
All 16 methods in Jamaica →

Checkout behaviour

E-commerce market projected at US$783 million in 2025, growing at ~8% CAGR through 2029.

Credit cards account for 65.1% of all retail payment volume by value.

Facts
ISO 3166
JM · JAM · 388
Region
Latin America
Population
2.8M
Currency
JMD J$
Banked adults
~80%
Methods live
16
Banks covered
4
Largest banks
Compare with
ParaguayNicaraguaEl SalvadorBolivia
Sources
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