Opposition raises questions over potential conflict of interest in Paymaster acquisition
The Opposition People’s National Party says the recent reacquisition of a controlling ownership interest in Paymaster by Cabinet Minister Audrey Marks raises legitimate questions regarding the management of potential conflicts of interest and the safeguards required to maintain public confidence in government decision-making.
Marks holds responsibility for efficiency, innovation and digital transformation, a portfolio that directly shapes policy affecting Jamaica’s digital services, payments systems, and wider fintech ecosystem, the PNP said in a media release, adding that Paymaster operates within that same space, providing payment and digital transaction services across the economy.
In addition, according to the PNP, Paymaster’s operations intersect with a broader digital and telecommunications environment in which regulated service providers interact with government policy and regulatory frameworks.
“This further underscores the need for clarity and transparency regarding how any potential conflicts are being managed,” the release state.
In this context, according to the PNP, the public is entitled to clarity on the following:
* Whether the Minister has made application to, and received approval or exemption through, the Parliamentary Ethics Committee in relation to her ownership interest in Paymaster while serving in Cabinet;
* Whether the required disclosures have been submitted and considered in accordance with established parliamentary procedures governing Members with business interests;
* What formal recusal and conflict-management arrangements have been established to ensure the Minister takes no part in Cabinet or policy decisions that could directly or indirectly affect Paymaster or its competitive environment;
* What safeguards exist to ensure that government policy on digital transformation, digital payments, fintech, and related services is insulated from any actual or perceived private interest.
“For a Cabinet minister to hold ownership in a company operating within a sector directly connected to her ministerial responsibilities inevitably raises questions that must be transparently addressed,” the PNP said
“The issue is not whether any wrongdoing has occurred. The issue is whether sufficient safeguards are in place to prevent actual, potential, or perceived conflicts of interest arising from this overlap,” the party continued. “Clarity in this matter is not optional, it is essential.”
Marks founded Paymaster in 1997. The company provides bill-payment and other transaction services to individuals, businesses and government entities through a network of locations across Jamaica.
Paymaster said the deal completed discussions that began in 2024, before Marks assumed her current roles as minister of efficiency, innovation and digital transformation and member of parliament for Manchester North Eastern.