SUPREME Ventures Limited (SVL) expects its more than $1-billion investment in fintech to begin paying off next year, with the company targeting the unit to become an accretive contributor to earnings in 2027.

Executive Chairman Gary Peart said the company was in the final stages of preparing its EvoCash digital wallet and accompanying Mastercard payment card for launch, subject to regulatory approval.

The products were previewed during SVL’s virtual investor briefing on Tuesday.

A bettor reviews football odds on Supreme Ventures’ JustBet platform. SVL’s fixed-odds gaming income jumped 54 per cent to $1.41 billion during the six months ended June 30, 2026. 

“We’re working with our partners at BOJ, the regulator, and it looks extremely promising,” Peart said.

SVL is targeting full regulatory approval before making the products available to the wider public. The fintech business comprises a digital wallet, prepaid card and remittance services. Having invested more than $1 billion in the subsidiary, management now believes it has overcome the regulatory hurdles that delayed commercialisation and can see a clearer path to generating revenue.

“We’ve spent so much money. It’s over a billion dollars we’ve invested in this,” Peart said.

The launch for the debit card, however, will be phased, with the company onboarding customers in stages as approvals progress. Beyond the debit card, Supreme Ventures expects the fintech business to generate revenue through its digital wallet, remittance services and additional third-party products that will eventually be integrated into its SLP (Supreme Life Platform) app. One of the biggest revenue opportunities lies in migrating lottery customers from physical retail outlets to digital channels. Peart explained that retailers currently earn about five per cent of lottery sales, while transactions processed through the company’s fintech solutions cost Supreme Ventures less than one per cent, creating potential savings of between three and four per cent for every customer who migrates online. With Jamaica’s lottery market estimated at roughly US$500 million, Peart said even a one per cent improvement in transaction costs could significantly boost the company’s bottom line.

PEART…We’ve spent so much money. It’s over a billion dollars we’ve invested in this.

The move into fintech is a strategic one, according to Peart. He pointed out that Supreme Ventures is well-positioned to serve customers who remain outside the formal banking system. He argued that many of those customers have traditionally been underserved because they do not represent profitable relationships for financial institutions. However, Supreme Ventures believes its lower-cost fintech model can profitably provide those services. The company is also expanding its remittance business. Supreme Ventures currently has approval to operate from 55 locations and continues to submit applications for additional locations each month.

The update comes months after Supreme Ventures announced the divestment of the loan portfolio in its subsidiary, Evolve Loan Company, to Dolla Financial. The company received Bank of Jamaica approval to complete the transaction as at June 30. The transaction allows Supreme Ventures to focus more of its resources on growing its fintech operations while maintaining an equity interest in Dolla Financial.

“We’re still a relatively small player, but it’s something that the signs are encouraging, and we look forward to fintech being the producer of accretive revenues for 2027,” he said.