JCCUL eyes remittance market through MoneyGram – Mobile payment service goes live Monday

Heston Hutton, managing director for Centralised Strategic Services Limited (CSS), said Thursday that its credit union parent will look next at offering remittances in the suite of services to be rolled out under its mobile money solution, JCUES.

Even while the Bank of Jamaica (BOJ) is examining the proposal, he said, the Jamaica Co-operative Credit Union League (JCCUL) is in negotiations with MoneyGram International to sign up as agent/receiver.

“We believe we can significantly grow their penetration level in Jamaica and across the region,” Hutton said at the launch of JCUES – Jamaica Credit Union ePayment Services – a US$5-million initiative financed by JCCUL and its partner, Mozido Jamaica Limited.  More