Jamaica’s largest banking conglomerate NCB Financial Group believes it has found the right formula for its digital wallet as a market disruptor that won’t end up cannibalising its own business.

The wallet known as Lynk offers mostly free payment services that at times compete against the bank to which it belongs, NCB Financial President & CEO Patrick Hylton said at an investor briefing to discuss the company’s latest earnings report on Friday.

Fees for NCB is a multibillion-dollar business, accounting for inflows of $28 billion at year ending September 2021, and almost $26 billion, so far this financial year for the nine-month period ending June.

https://jamaica-gleaner.com/article/business/20220807/banking-lynk