Question 1

What is Lynk and what is JAM-DEX in Jamaica?

Accepted Answer

Lynk is Jamaica's primary digital wallet app developed by TFOB (an NCB Financial Group company). It is the first wallet approved to distribute and transact JAM-DEX (Jamaica Digital Exchange), the official Central Bank Digital Currency (CBDC) issued by the Bank of Jamaica.

Question 2

Are peer-to-peer (P2P) transfers free on Lynk?

Accepted Answer

Yes, sending money between Lynk users (Lynk-to-Lynk) and transacting with JAM-DEX digital currency is completely free of transaction fees for personal users.

Question 3

How much does it cost to cash out from Lynk at an ABM/ATM?

Accepted Answer

Cashing out at an NCB Intelligent Automated Banking Machine (iABM) using a cardless cash-out code is free or incurs a nominal fee (approx J$100 to J$150), whereas transferring back to other commercial banks via ACH or RTGS may incur network processing fees.

Question 4

What are the merchant fees for accepting Lynk payments?

Accepted Answer

Registered merchants accepting Lynk payments for goods and services typically pay a competitive processing commission of 1.5% to 2.0% per transaction, lower than traditional point-of-sale credit card processing fees.

Question 5

What is the daily transaction limit for Lynk in Jamaica?

Accepted Answer

Under Bank of Jamaica simplified KYC regulations, Tier 1 basic users have a daily limit of J$40,000 to J$50,000, while fully verified Tier 2 users can transact up to J$100,000 to J$200,000 per day.

Jamaica Lynk & Mobile Wallet Fees Calculator

Transaction Amount & Channel

Digital Wallet Fee Schedule Ledger