JN Bank Releases Pay Wallet

JN Bank has released its JN Pay Wallet. It made the announcement in a statement to the media on Thursday.

Chief of branches and digital channels at JN Bank, Ricardo Dystant, says it will further JN’s effort to eliminate barriers to financial inclusion by allowing users, whether they have a bank account or not, to use the wallet.

The JN Pay Wallet allows users to access the Central Bank Digital Currency, JAM-DEX, to transfer funds, pay utility bills, buy mobile credit as well as deposit to and withdraw from a JN Bank account and JN Bank Smart ATM.

All transfers made via the wallet are free of charge to users.

To use the wallet, Mr Dystant says all that is required is a user’s tax registration number, phone number and email address.

He says a bank account is not required to use the wallet, although persons may link their JN Bank account to their JN Pay Wallet, if they choose to.

JN Pay Wallet was designed by JN Bank’s sister company MC Systems.