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Technology and entertainment company Supreme Ventures Ltd is targeting summer for the rollout of a digital wallet and a Mastercard-certified debit card that it says could reshape how the business operates. Executive chairman Gary Peart said the products are now being tested in the Bank of Jamaica’s regulatory sandbox, the central bank’s environment for mobile money products, with public launch projected by the end of July, subject to regulatory approval.
Peart said the company has been working closely with regulators to develop the products and that moving beyond the sandbox would allow SVL to market them to the wider public, including customers who are currently unbanked.
“We project that we'll be able to sell to the public by the end of July, (2026) (or) somewhere around there, but again, it's subject to regulatory approval. So right now, we're testing in the sandbox,” Peart told the Financial Gleaner after the meeting.
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