Digital payment wallet – Lynk – will this month launch a new line to its suite of business client services, known as LynkBiz and has issued a call for businesses to sign up.
The facility, which has been undergoing pilot testing since October 2022, is a web-based platform that will allow micro, small and medium-sized businesses to accept digital payments seamlessly.
These include transactions involving Jamaica's Central Bank Digital Currency – JAM-DEX – for which Lynk is the first provider.
Chief Product Officer for Lynk, John Matthew Sinclair says there's a big incentive for the first 10,000 merchants that sign up to accept JAM-DEX payments in their business locations.
The Government has made provisions for those businesses to receive a $25,000 grant in digital currency.
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