GraceKennedy Payment Services has received approval from the Bank of Jamaica to proceed with the pilot introduction of a mobile money service.
Delivery of the service will commence next year through the GraceKennedy Money Services network.
Participants in the service will, among other things, be able to make electronic payments, bill payments, as well as mobile top-up. This will be done using mobile phones, thereby minimising the cost of doing business.
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GraceKennedy Payment Services receives approval for mobile money service