JN Money Services Limited (JNMS) has expanded its JN Money Transfer network to over 8000 locations, up from 350 agents and branches at the start of the year.
In particular, the company has been able to extend its remittance services to Guyana, Barbados, Trinidad and Antigua in the Caribbean, and the Philippines in the Pacific as a result of partnerships with G-xchange in the Philippines and Laparkan Financial Services in Guyana.JN Money Transfer’s network now stretches across eight countries in the Caribbean, including Jamaica.“We are a Jamaican company, a subsidiary of Jamaica National Building Society; and our customer base encompasses our Jamaicans at home, and those in the diaspora,” said Leesa Kow, general manager, JNMS. “The vast number of Caribbean people living outside of the region, as well as people who have migrated to the Atlantic region from other parts of the world, and require remittance services that are quick, reliable and convenient.”JNMS’s expansion thrust picked up steam in 2010, when it acquired the assests of the Cayman-based remitter, QuikCash, to become the main remitter along the Cayman to Jamaica corridorFollowing that acquisition, JNMS also added new branches and Agent locations to its operations in the United States of America, Canada and the United Kingdom and solidified its Agent partnership in Ghana in 2011, increasing its JN Money Transfer network, at the time, to more than 350 agents and branches.Laparkan, a subsidiary of one of the Caribbean’s leading freight handlers, has nine payout locations in Guyana, and, its post office outlets will soon be included to bring the number of remittance payout locations across the South American Caricom member state to more than 50.What’s more, the company has a combined six locations in Trinidad, Antigua and Barbados.Kow added that the Philippines-based, GCASH REMIT partnership will be very important to the company’s US and Canadian markets, as well as Cayman Islands operations.The US is home to about 3.4 million Filipinos, while over 400,000 live in Canada.Filipinos are also the second largest group of migrants in the Cayman Islands.“This partnership with JNMS has created a valuable opportunity for both our companies to explore and develop products to meet the evolving needs of the customers, especially in The Cayman Islands, where many Filipinos have expressed a need for remittance services to their home in the Philippines,” said Paolo Baltao, President of GXI. a”With GCASH REMIT, senders are assured that their hard earned money is claimed securely and instantly by their beneficiaries without any hassle. Also, beneficiaries receive the remittance without any deductions across 8,000 GCASH outlets nationwide.”JNMS, which is based in Kingston, Jamaica, markets its services under the JN Money Transfer brand, in several other Caribbean countries, including St Vincent and the Grenadines, and Dominica. The company also has an extensive and growing operations in the United Kingdom, the United States of America, Canada, and Ghana.HOUSE RULES
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JN Money Transfer expands in Caribbean and the Pacific
