April 21, 2025 – Kingston, Jamaica
With the official launch of Renozan Limited’s nationwide terminal network just days away, the Bank of Jamaica (BOJ) has stepped in, urging the fast-rising digital bank to immediately appoint a Chief of Finance.
The regulatory nudge comes as Renozan prepares to activate thousands of digital POS terminals across pharmacies, supermarkets, and retailers islandwide—an aggressive rollout that has drawn intense scrutiny from Jamaica’s financial authorities.
According to the BOJ, the appointment is critical to ensuring “clear lines of financial oversight” as Renozan transitions from startup disruptor to a core player in Jamaica’s banking infrastructure. The central bank emphasized the importance of direct engagement with a designated financial head to manage liquidity, capital reserves, and transaction governance tied to the terminal network.
Despite already operating with internal financial protocols, the BOJ’s push signals a broader expectation: that Renozan align itself with the structural norms of licensed financial institutions.
Company President Sadeeke McGregor has confirmed that Renozan is evaluating senior finance candidates and intends to comply. “We welcome the guidance of the central bank as we cement Renozan’s role in modernizing Jamaica’s financial landscape,” McGregor said.
The BOJ’s statement arrives as anticipation builds around Renozan’s upcoming terminal launch—a move that could fundamentally reshape how payments, credit, and commerce flow across the country.
